Oilseeds China Looks to Russia for Alternative Soybean Supplies With a trade war looming between the U.S. and China, much of the commentary has focused on the latter’s limited alternative sourcing options for soybeans. While its threat of a 25-percent tariff on U.S. soybeans would certainly impact the largest single U.S. agricultural export to the Middle Kingdom, which accounted for more than 60 percent of the total value of all such exports shipped there in 2017, observers have correctly noted that China would have few other sources. At present, it imports about 64 percent of the 151 MMT of soybeans traded worldwide with 53 percent coming from Brazil, 35 percent from the U.S. and 7 percent from Argentina. That leaves about 5 percen...

TAGS – Feed Grains, Soy & Oilseeds, China, North America, Russia