Trade tensions favor soybean exports

Beijing announcing additional tariffs on American-flagged ships. The measures come into effect on October 14, the same date the US plans to apply new fees on Chinese vessels, deepening the trade impasse between the two largest global economies. In addition to the tariffs, China has maintained restrictions on rare earth exports and has not resumed purchases of American soybeans. The US agricultural sector remains under pressure, while the market watches for a potential support package for US producers, still impacted by the federal government shutdown. Attention also turns to the meeting between Xi Jinping and Donald Trump, scheduled for the APEC meeting in South Korea, which could signal the next steps in negotiations. In this scenario, Brazil emerges as a major beneficiary, with Chinese demand focused on South America. The limitation of US shipments tends to sustain or even increase premiums at Brazilian ports, especially at the beginning of the 25/26 planting season. The ...