date:Jul 13, 2018
ading firm in Brazil.
Grains merchants who dominate the soybean markets including Archer Daniels Midland Co, Bunge Ltd and Cargill Inc are working to minimize the impact of the sudden drop in Chinese demand by diverting cargoes elsewhere.
Bunge Ltd and ADM declined to comment. Cargill did not respond to requests for comment.
Representatives of the U.S. Soybean Export Council have been meeting with buyers in Asia and Europe to encourage them to buy U.S. soy, said Jim Sutter, CEO of the U.S.