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China's weak soybean demand dims prospects for US cargoes after tariff snub
BEIJING/SINGAPORE: China’s soybean buying is likely to decline in the months ahead due to weak animal feed demand and negative crush margins, leaving little room for US cargoes as they were excluded from proposed tariff relief after last week’s Washington summit. China is set to lower tariffs on a broad range of US farm products, but soybeans, its biggest US agricultural import, were excluded from the tariff reduction list following the talks between Chinese President Xi Jinping and US President Donald Trump. Private oilseed processors in China, the world’s biggest soybean importer, have cover...
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