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China Halts U.S. Soybean Purchases Amid Renewed Trade Tensions
China Halts U.S. Soybean Purchases Amid Renewed Trade Tensions
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BTCCSquare news:
China has abruptly paused soybean imports from the U.S. at the start of the season, marking a strategic shift reminiscent of earlier trade war tactics. USDA data reveals zero sales to China—the world’s largest soybean buyer—as of September 11, despite last year’s $12 billion in purchases. The MOVE coincides with escalating semiconductor and rare earth disputes ahead of a scheduled Xi-Trump call.
Importers are instead stockpiling Brazilian soybeans, with crushers and feed producers securing inventories through year-end. Government reserves are flush, and market participants warn that any sudden U.S. shipments could destabilize local soymeal prices. The timing underscores Beijing’s leverage in high-stakes negotiations.
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