Soybean Prices Plunge To Six Week Low On Lack Of China Buys

Refinitiv data shows current bulk carriers hauling agriculture products from the U.S. to Asia is very little at the moment. At the same time, dozens of carriers are transiting to and from Brazil to Europe and Asia. 

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Moon Kil Woong 1 year ago Contributor's comment

It takes time to move logistics, build up demand, and purchase product. In the meantime the US has way overproduced and still builds up excess. So no, even if China suddenly increases demand, it will not take the pressure off US producers this year.