"Purchase of American soybeans by China is more symbolic than commercial," assesses Daoud.

On Wednesday (29), China resumed buying soybeans from the United States after nearly five months without purchases from the North American country. The shipments amount to about 180,000 tons and are scheduled for delivery between December and January, marking the first Chinese purchases of the new American crop. For commentator Miguel Daoud, the move is more symbolic than commercial. According to him, what really matters is the structural scenario of the global soybean market, and it continues to favor Brazil. “The market trusts Brazil, and that does not change because of this scenario. The China-US rapprochement is more of a market narrative than reality. Brazilian soybeans continue to be the axis of world trade. Daoud assesses that the purchase occurs on the eve of the meeting between Donald Trump and Xi Jinping and has a diplomatic tone. “China is sending a message that they are open to dialogue. But in practice, the basis of trade continues to come from Brazil.” He considers ...