China may resume purchases from the US: what does this mean for Brazilian soybeans?

The recent meeting between President Lula and Donald Trump has sparked a debate about the direction of the global soybean market. The possibility that China may once again increase its purchases of the grain from the United States worries the Brazilian agribusiness sector, which fears losing export space. According to commentator Miguel Daoud from Canal Rural, a commercial rapprochement between China and the United States could alter the global balance of the sector. “If China returns to buying more from the United States, Brazil temporarily loses space. The Chinese seek to diversify suppliers to reduce risks, and this impacts our exports,” he stated. Daoud, however, ponders that the scenario does not point to an immediate drop in domestic prices. “What will define the behavior of quotations is the global context. U.S. stocks are high, and Trump aims to strengthen the American producer. With the dollar falling, U.S. soybeans gain competitiveness in the international market,” he ...