China is actively seeking out Brazilian producers and the local trading companies that buy Rodrigues’ soybeans to sell to China have put the word out over the past two months that they will take all they can get, he said.
Just how much China will buy from Brazil remains to be seen, but China’s customs body said it did not import any soybeans from the U.S. in September. It’s the first time that’s happened since November 2018 when President Donald Trump launched his first trade war with China. Brazilian beans already accounted for more than 70% of China’s imports last year while the U.S. share was down to 21% even before the current trade dispute began, World Bank data shows.
