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Brazil widens lead in China’s soybean market as US shipments fall despite Trump-Xi deal

South China Morning Post 20 July 2026 8h ago
Brazil widens lead in China’s soybean market as US shipments fall despite Trump-Xi deal
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China imported 12.08 million tonnes of Brazilian soybeans in June, up 13.7 per cent from a year earlier, while volumes from the United States fell 20.6 per cent to 1.27 million tonnes, far off the pace implied by the purchasing deal agreed by Presidents Donald Trump and Xi Jinping, according to figures released on Monday by China’s General Administration of Customs. Total arrivals of the oilseed r
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