China Imports No US Soybeans for Third Month; Argentine Arrivals Up 634%

China imported no soybeans from the United States for a third straight month in November, as ⁠buyers turned to South American supplies amid fears of a shortfall if the trade war with Washington dragged on.

Following a ‌trade truce in late October, China has stepped up purchases of U.S. cargoes, ‌with traders saying that more than 7 million metric tons have been purchased since then. In late ​November, ​Reuters reported, citing a shipping schedule, that two cargo vessels ‌would carry the first U.S. soybean shipments to China since May.

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