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China resumes purchasing high volumes from the USA, and international price is the highest in 2 years

Cepea, September 16, 2020 – China has resumed importing higher volumes of soybean from the United States, which boosted prices for the American product in the first fortnight of September – in the USA, soybean quotes have been at the highest nominal levels in more than two years. This scenario confirms a progress in the first phase of the trade deal between China and the United States, closed in January 2020. Thus, the international demand for the Brazilian soybean decreased, pressing down quotes at national ports
Fonte: CEPEA



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