date:Jul 13, 2018
up on Brazilian soybeans, which now sell at a premium of up to $1.50 a bushel as U.S. soybean futures have fallen 17 percent over six weeks to about $8.50, their lowest level in nearly a decade.
The price gap has sparked a run on U.S. soybeans by importers from Mexico to Pakistan to Thailand, according to the analysis of U.S. Agriculture Department data.
Even as China has retreated, all importers advanced purchases of the next U.S. soybean crop shot up 27 percent through June, at 8 million to