Soybean prices firm despite China-US tensions

The American markets were firm yesterday in soybeans, welcoming the continued Chinese purchases, despite the geopolitical tensions between the two countries, Agritel informs. It should be noted that at the moment, the American origin is more competitive than the Brazilian origin, the consultancy comments. "There is a new sale of 132,000 t of US soybeans to China, even if the Chinese authorities asked their national companies to avoid American origins, in the context of the tensions between the two countries linked to Hong Kong," the report reads. Rapeseed benefits from the support of crude oil, soybean and palm prices. The same is true for canola, even if the destination to China could be closed for Canadians due to the Huawei affair. Analysts ...