Global markets for grains and oilseeds

On Tuesday, after the close of trading in the U.S., President Trump announced that he is "considering halting business with China related to the trade of vegetable oil and other trade elements, as retribution" for the refusal to purchase American soybeans. According to traders, on Tuesday, spot rates for soybeans and corn barged to U.S. Gulf terminals fell as they monitor the tense relations between Washington and Beijing. According to state broadcaster CCTV, China, the world's largest importer of soybeans, has officially started to impose special port fees on vessels owned, operated, built, or sailing under the U.S. flag. During the trade war with Washington, China has been purchasing South American soybeans and not buying the autumn U.S. crop. The U.S. Department of Agriculture reported that 994,008 tons of U.S. soybeans were inspected for export in the week ending last Thursday, close to the upper end of analysts' forecasts. Excluding China, the main destinations were Spain and ...