Brazil shrugs off US-China soybean deal as seasonal trade
Brazil’s soybean producers are downplaying concerns over a freshly minted US-China trade agreement that will see Beijing resume large-scale purchases of American soybeans, insisting the 12 million tonnes (13.23 million tons) pledged represents routine seasonal trade rather than a market upheaval. Mauricio Buffon, president of Brazil’s Soybean Producers Association (Aprosoja), said the volume announced by Washington and Beijing on Wednesday should not alarm Brazilian exporters, framing it as part...