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Ahead of the US-China summit, China's soybean imports from Brazil plummeted due to high prices squeezing crushing margins.
Bloomberg Markets reports that China's soybean imports from Brazil have slowed to extremely low levels due to high prices squeezing crushing margins. According to informed traders, commercial purchases of Brazilian soybeans have fallen to fewer than five cargoes in the past two weeks, compared to a weekly average of about 20 cargoes in August. If this slowdown continues, China, the world's largest soybean consumer, faces the risk of supply shortages.
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Source：彭博市场 · Source Link
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