Soy Trade Goes Topsy Turvy as Major Exporter Turns to Imports

By Kevin Varley and Shruti Date Singh (Bloomberg) -- The world of soybean shipping has turned upside down thanks to the ongoing U.S.-China trade war. Argentina, the No. 3 global soy grower, is making major purchases of U.S. supplies. A weekly measure of American shipments to the Latin American nation just rose to the highest in at least 35 years, U.S. government data showed … [Read more...]

U.S. Soybean Cargo Heading to China Switches Destination Amid Trade Row

BEIJING, Nov 1 (Reuters) - A vessel carrying soybeans from the United States to China changed its destination to South Korea on Thursday, shipping data showed, amid a trade war that has decimated U.S. shipments of the commodity to the world's top oilseed importer. The Star Laura, carrying 36,000 tonnes of American soybeans loaded in Seattle in late September, was due to … [Read more...]

Despite Tariffs, U.S. Soy Is Still Headed to China. Here’s Why

By Shruti Date Singh and Tatiana Freitas (Bloomberg) --It looks like China can’t completely shun U.S. soybeans as at least a few cargoes of American supplies head to its shores. The crop has been thrust into the center of trade war between the two nations. China slapped retaliatory tariffs of 25 percent on American shipments, sending buyers from the Asian country rushing to … [Read more...]

World’s Biggest Shipping Market Shrugs Off Trade War Threat

By Alaric Nightingale (Bloomberg) --Will somebody please tell commodity shippers there’s a trade war going on? Whether it’s the price of hiring giant freighters to haul hundreds of millions of tons a year of iron ore and coal, or smaller carriers moving grains, there’s a theme emerging: dry-bulk shipping rates are rallying despite an escalating trade war that may yet … [Read more...]