For bold Chinese buyers of soybeans, bargain U.S. prices trump trade war



Hallie Gu and Josephine Mason | Reuters

At least two cargoes of U.S. soybeans are heading for China as some buyers are willing to risk taking up historically cheap U.S. beans even amid worries that Beijing may take further steps to deter imports amid mounting trade tensions with Washington. Grain traffic from the United States to China has nearly ground to a halt since Beijing hit $50 billion in U.S. imports, including soybeans, with hefty tariffs, in retaliation for a similar move by Washington. Still, bulk carrier Ultra Panther was due to arrive in southern China on Friday, while the Elsa S will land in the port of Qingdao, Shandong province, on Sept. 26, according to Thomson Reuters Eikon shipping data. Read more here