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Victory at Sea: Soybeans heading to China (from Brazil)

Summary:
Reuters: After trade talks in U.S., China ramps up Brazilian soy purchases: Nearest month futures are about a dollar lower (at .34/bushel) than the nearest month futures on the day when Trump announced Section 301 action against China.

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Reuters: After trade talks in U.S., China ramps up Brazilian soy purchases:

Nearest month futures are about a dollar lower (at $9.34/bushel) than the nearest month futures on the day when Trump announced Section 301 action against China.

Menzie Chinn
He is Professor of Public Affairs and Economics at the University of Wisconsin, Madison

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