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

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 reached 13.55 million tonnes, a record for the month, lifted by Brazilian supply and by the clearing of cargoes that had been delayed at Chinese ports.