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China absorbs massive Brazilian soy shipments in first quarter (www.reuters.com)

submitted 3 weeks ago by schizoidman@lemm.ee to c/worldnews@lemmy.ml

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[–] qprimed@lemmy.ml 7 points 3 weeks ago (1 children)

Current soy volumes being shipped do not yet reflect the effects of the new trade war, the analysts said. They believe an escalation will direct more Chinese demand to Brazil over time, as was the case in 2018.

slow motion footgun is the best footgun.

[–] umbrella@lemmy.ml 5 points 3 weeks ago* (last edited 3 weeks ago)

that shift was happening gradually even before 2018, it just accelerated recently. i predict the tariffs will in fact accelerate it even more.