China, the world’s largest soybean buyer, continues to shun oilseed supplies from the U.S. in the thick of a trade war.
Chinese buyers canceled 188,000 metric tons of U.S. purchases in the week ended Oct. 4, U.S. Department of Agriculture data showed Friday. The Asian nation, traditionally the biggest U.S. customer, scrapped cargoes for the fourth straight week, abandoning the most since June.
China’s retaliatory tariffs of 25 percent on U.S. soybeans have worked as a de facto ban on American imports. U.S. rivals including Brazil boosted deals with China even as South American prices climbed. U.S. shipments to the ...
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