China’s soybean imports hit a record high for the month of September, with the country bringing in 12.9 million MT of soybeans, according to a Bloomberg report. Chinese crushers have been bolstering supplies of the oilseed with shipments mainly from Brazil, and shunning U.S. cargoes due to high tariffs and political risks. September arrivals were also near the highest ever monthly level, which was recorded in May, and brought total imports for the first nine months of the year to 86.18 million MT, up 5.3% from a year ago, according to Bloomberg. “That ample supply gives Chinese crushers a comfortable cushion and piles even more pressure on American farmers, who are now bringing in a harvest with their top customer turning elsewhere,” said the report.
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