Will Brazil figure out China is ripping them off ,LOL
Actually, China is getting ripped off.
Brazil prices are UP, UP, UP compared to US prices. With China trying to avoid US soybeans, they have to pay up for Brazil’s soybeans. Brazil is the only other major source.
“Chinese buyers are importing Brazilian soybeans at around
$425.85 a tonne, C&F, compared with U.S. beans quoted at $355.22 a tonne”