China's soybean imports rise 10.7% in June, with buyers focusing on the Brazilian harvest

By Mei Mei Chu BEIJING (Reuters) - China's June soybean imports rose 10.7% from a year earlier, a Reuters calculation based on customs data showed on Friday, as buyers stockpiled cheaper Brazilian beans ahead of the harvest season. North American exports in the fourth quarter. The world's biggest soybean buyer imported 11.11 million tonnes in June, compared with 10 million tonnes the previous year. Brazil's soybean export season is slowing down as the harvest comes to an end. Excessive rain and heavy flooding hampered production and shipments in May. Shipments in the first half of the year fell 2.2% compared to the previous year, to 48.48 million tons, according to data from the General Administration of Customs. China is expected to record record volumes of soybean imports in July, attracted by lower prices and the prospect that Donald Trump could reignite trade tensions if he is elected US president in November. July arrivals are expected to reach 12 million-13 million tonnes, ...