date:Jul 09, 2018
Next week could be a game changer for global soybean trade flows after China said it would slap a 25% tax on soybean imports from the US from Friday.
With global trade of soybeans at around 162 million mt next year, Chinese demand at 103 million mt and US supply at 62 million mt, the world may be in for a re-routing of global supplies if Chinese crushers are to avoid the tax.
In the most simplistic of scenarios, over the long term, Chinese crushers could snap up all global trade from outside t