Part of China’s October buying burst can be attributed to compensating for the slow pace of its new crop 2015/16 soybeans purchases during prior months. No doubt, the low soybean prices that prevailed during much of October attracted Chinese buyers, but there was another important factor.In discussions about global agricultural markets, the words China and soybeans have become so attached that there is hardly a space between them. That country dominates world soybean trade as an importer in the same fashion as the U.S. used to do so as an exporter. Although still very important to soybean trade, the U.S. has lost its preeminence to South American soybean exporters with Brazil now in the number one position.According to USDA’s latest estimat...