Source: PROGRESSIVE FARMER, 1/16/18



This chart from USDA's Oilseeds: World Markets and Trade report from Friday shows how China increased soybean purchases from Brazil by 7.19 million metric tons (264 million bushels) in the first quarter of 2017-18 from a year ago while cutting purchases from the U.S. by 5.37 mmt (197 mb). As we head into 2018, one of the news stories gaining momentum is the approach of an impending trade war with China.

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