The Brazilian share of China’s corn imports over the past three months has been nothing short of impressive. It can be argued that U.S. corn should have been more competitive given that its ending stocks are nearly seven times larger but that was not reflected in pricing.
Besides, it is not just corn that China is buying less from the U.S. The American share of the overall China food import market is declining relative to Brazil.
Perhaps the reason is laid bear in the Global Times newspaper, a tabloid publication of the Chinese Communist Party’s People’ Daily franchise. That paper attributes reduced food imports from the U.S. to the government’s effort to de-risk its dependency on American food. E.g. do n...
What You Need to Know Today: There has already been a strong run of flash soybean sales announcements in recent weeks, but more than 1.4 MMT reported this morning is an exceptionally large single-day total with major implications for the market. If the sales to China and unknown destinations w...
On Friday, at 6:57 AM, President Donald Trump announced, via a social media post, a 90-day window during which up to 300,000 metric tons of product for ground beef could be imported outside of tariff-rate quotas—a move aimed at bringing down costs for American consumers. This is the secon...
