Brazil eats into US soybean market share in China

Singapore

BRAZIL is expected to win a larger share of China's soybean imports in the coming months, hitting US exporters during the peak marketing season for their most valuable farm product as the world grapples with a fifth consecutive bumper crop.

China is expected to buy about five million tonnes of soybeans from Brazil for the fourth quarter of 2017, two senior trade sources said, double the 2.49 million tonnes shipped over in the same period last year.

For US soybean exporters, the October-December period is crucial, accounting for an average of 53 per cent of calendar year shipments for the past five years, a…