date:Aug 15, 2018
-time record this year.
Brazilian soybean exports to China rose to nearly 36 million tonnes in the first half of 2018, up 6 percent from a year ago. In July, they surged 46 percent from the same month a year earlier to 10.2 million tonnes.
Brazils grains boom has it rivaling United States as the worlds top soy producer this year, after outpacing U.S. exports over the past five years.
All that soy is eating into Brazils sugarcane belt, which is reeling from sugar prices near multi-year lows. C