With the trade war between the U.S. and China, more beans will be sourced out of South America. There is speculation Brazil will need to import U.S. soybeans to meet the demand from the Chinese. Zaner Group chief market strategist Ted Seifried says that scenario is very possible. “Brazil could wind up being the middle-man going forward. They imported a fair amount of corn when they had issue in the past. It is certainly possible that China buys U.S. soybeans through Brazil.”
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