Chinese Buyers Purchase Brazilian Soybeans as Prices Ease Over US-China Trade Thaw
Chinese soybean importers have stepped up purchases of Brazilian cargoes in recent days as South American prices eased on expectations a U.S.-China trade deal will lead to a resumption of U.S. sales to the world's largest soybean importer.
Buyers have booked 10 cargoes of Brazilian soybeans for December shipment and 10 for March-July with South American prices now quoted below offers being made for U.S. cargoes, three traders said on Monday.
Brazilian soybeans had traded at higher prices than U.S.
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