Graph of the Day: How Chinese Demand Is Shifting the Global Soybean Market from the U.S. to Brazil

China is now the largest buyer of Brazil’s soybean crop, as part of a move away from U.S. exports. Chinese buyers have consistently bought large quantities of Brazilian soybeans but are now even putting in orders for delivery in October, traditionally a quiet time in Brazil’s soybean sector but peak time for producers in the U.S.

This partly reflects that a bumper crop in South America is driving down prices. But the recent warming up of Brazil-China relations under the Lula administration and ongoing tensions with Washington mean that China is increasingly leaning into Brazilian sources as a way to kick U.S. farmers out of its supply chains. (BLOOMBERG)

  • Get a daily email packed with the latest China-Africa news and analysis.
  • Read exclusive insights on the key trends shaping China-Africa relations.
  • Full access to the News Feed that provides daily updates on Chinese engagement in Africa and throughout the Global South.

China, Africa and the Global South... find out what’s happening.

Subscribe today for unlimited access.

OR

Already a subscriber? Log in Click Here to Learn More
by Cobus van Staden

Most Read

1
Developing Countries’ Debt Servicing Costs to China Are Significant, but Nowhere Near as Much as Other Creditors
2 Chinese Military Fans Discuss Why Indonesia Bought Rafale Instead of J-10C
3
Chinese Cargo Planes Secretly Ferrying Supplies to Iran, Claim Online Sleuths
4
Indonesia Goes Nuclear, Taps China and Russia for Modular Reactors
5 Trump’s Contradictory Iran Strategy Leaves U.S. Weaker After War’s End, Says Chinese Commentator
6
Thailand in Last-Minute U.S. Talks as 36% Tariff Looms

You Might Like

China Blocks Vietnamese Fruit Trucks From Entering One Day After Hanoi Upgrades Diplomatic Ties With Washington

Hundreds of Vietnamese trucks carrying fresh fruit are backing up at Chinese border crossings due to newly introduced inspection requirements. The timing of these new inspections is prompting speculation that it could be ...

China Ramps Up Brazilian Corn Imports

A ship carrying 51,200 tons of corn became the first Brazilian vessel to dock at Jiangyin Port on the Yangtze River, with ships from the agricultural giant delivering 2.4 million tons of grain ...

Chinese Experts Weigh In On Brazilian President’s Visit to Beijing

Brazil’s President Luiz Inácio Lula da Silva is scheduled to arrive in Shanghai on Tuesday, after a March visit was rescheduled due to illness. He will meet with Chinese President Xi Jinping on Friday. ...

This Graph Explains China’s Growing Influence in Latin America

Financial Times recently published a fascinating analysis of the constraints facing U.S. influence in Latin America. While U.S. policymakers face political opposition at home to the increased market access demanded by Latin American governments, ...

What is The China-Global South Project?

Independent

The China-Global South Project is passionately independent, non-partisan and does not advocate for any country, company or culture.

News

A carefully curated selection of the day’s most important China-Global South stories. Updated 24 hours a day by human editors. No bots, no algorithms.

Analysis

Diverse, often unconventional insights from scholars, analysts, journalists and a variety of stakeholders in the China-Global South discourse.

Networking

A unique professional network of China-Africa scholars, analysts, journalists and other practioners from around the world.

More about CGSP