Al Mayadeen English

  • Ar
  • Es
  • x
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Features
  • Videos
    • NewsFeed
    • Video Features
    • Explainers
    • TV
    • Digital Series
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Features
Videos
  • NewsFeed
  • Video Features
  • Explainers
  • TV
  • Digital Series
Infographs
In Pictures
  • Africa
  • Asia
  • Asia-Pacific
  • Europe
  • Latin America
  • MENA
  • Palestine
  • US & Canada
BREAKING
Russian Ministry of Defense: 37 Ukrainian drones destroyed in 4 hours over regions of Russia and the Black Sea.
Sheikh Qassem: Our supporters make up more than half of Lebanon's population, and all of these people are united under the banner of protecting Lebanon, its Resistance, its people, and its integrity.
Sheikh Qassem: There will be no phased handing in of our arms. [The Israelis] must first enact the agreement before we start talking about a defensive strategy.
Sheikh Qassem: Be brave in the face of foreign pressures, and we will be by your side in this stance.
Sheikh Qassem: Stripping us of our arms is like stripping us of our very soul, and this will prompt us to show them our might.
Sheikh Qassem: We will not abandon our arms, for they gave us dignity; we will not abandon our arms, for they protect us against our enemy.
Sheikh Qassem: The US efforts we are seeing are aimed at sabotaging Lebanon and constitute a call for sedition.
Sheikh Qassem: If you truly want to establish sovereignty and work for Lebanon’s interests, then stop the aggression.
Sheikh Qassem: The United States, which is meddling in Lebanon, is not trustworthy but rather poses a danger to it.
Sheikh Qassem: The United States is preventing the weapons that protect the homeland.

Brazil pushing US out of soybean market

  • By Al Mayadeen English
  • Source: News Websites
  • 25 Jul 2023 22:14
  • 1 Shares
3 Min Read

China has been the dominant customer in the global soybean market, and for years Brazil has been taking that trade away from the US.

  • x
  • Brazil pushing the US out of soybean market
    A combine harvester crops soybeans in a field at Salto do Jacui, in Rio Grande do Sul, Brazil on April 6, 2021. (AFP)

During the regular season lull, China's increased reliance on Brazilian soybeans signifies a move away from the US, as South American shippers dominate the market, affecting American farmers and geopolitics.

China has been the dominating customer in the global soybean market, and for years, Brazil has been taking that trade away from the US.

South American shippers are now even beginning to dominate during the traditional season slowdown.

Sources with insight on the deals say Chinese buyers are buying up Brazilian soybeans for delivery in October, a time of year when US shipments are generally at their height, while more sales are still anticipated for the fourth quarter. 

The sales are occuring as Brazil harvests a record crop, while providing far cheaper pricing than competitors. They also highlight President Luiz Inacio Lula da Silva's aim to strengthen connections with China as part of Latin America's largest economy's growth strategy.

Related News

Syria welcomes US decision to lift sanctions, hosts US delegation

Trump claims Gaza war to end in weeks, despite ongoing Israeli assault

Read more: None can prohibit Brazil from improving relations with China: Lula

Thiago Milani, head of trading and origination for 3Tentos, a family-owned agribusiness company in Brazil, stated that competitive premiums are still available "for at least another month or so," touching on the country's shipping costs.

As Brazilian output grows, American farmers are losing their competitive advantage in global agriculture markets. Geopolitical pressures have also encouraged China to seek closer connections with South America and diminish its historical reliance on the US.

Bloomberg statistics indicate it is now lucrative for Chinese processors to crush Brazilian beans to generate cooking oil and animal feed, but margins for US suppliers are negative. As a result, Chinese customers are purchasing Brazilian cargo earlier in the season.

According to Alphamar shipping service, five boats have already been purchased and are expected to pick up cargo in Brazil in September. According to shipping records, this is the earliest in the season for that type of commerce.

Arthur Neto, Alphamar’s commercial director stated that “There’s huge stocks at farms now that will find their way to the ports over the next few months, so we will see more vessels on the lineup soon."

The sales also come as severe drought puts a strain on US crops, which are generally harvested beginning in September. Before rains came to the Midwest in June, the American soy crop was in the worst condition in three decades.

  • United States
  • Soybeans
  • China
  • Brazil

Most Read

Tom Artiom Alexandrovich, executive director of the defense division of the Israeli National Cyber Directorate, undated (Social media)

Israeli-born US prosecutor drops Israeli officer child sex crime

  • Politics
  • 19 Aug 2025
Almost instantly after the Helsinki Accords were signed, organisations sprouted to document purported violations, whose findings were fed to overseas embassies for international amplification. (Al Mayadeen English; Illustrated by Zeinab el-Hajj)

How ‘Human Rights’ became a Western weapon

  • Opinion
  • 23 Aug 2025
Israeli soldiers stand on the top of armoured vehicles parked on an area near the Israeli-Gaza border, as seen from southern Israel, Wednesday, Aug. 20, 2025 (AP)

Palestinian fighters target Israeli soldiers, vehicles in Gaza

  • Politics
  • 21 Aug 2025
Launch of a ballistic missile from Yemen toward the occupied Palestinian territories. (YAF military media)

Yemeni Forces announce firing hypersonic missile at Al-Lydd Airport

  • Politics
  • 22 Aug 2025

Coverage

All
The Ummah's Martyrs

Read Next

All
Israeli Prime Minister Benjamin Netanyahu speaks during a press conference at the Prime minister's office in al-Quds, Occupied Palestine, Sunday, Aug. 10, 2025 (AP)
Politics

Netanyahu deliberately derailing truce with Gaza occupation: Hamas

Irish President Michael Higgins arrives to deliver his speech during a 42nd World Food Day celebration at FAO headquarters in Rome, on Oct. 16, 2023. (AP Photo/Alessandra Tarantino)
Politics

Irish president renews call for UN military intervention in Gaza

US Ambassador to Turkey and Special Envoy to Syria Tom Barrack speaks during an interview with The Associated Press at the US Embassy in Aukar, northern suburb of Beirut, Lebanon, Monday, July 21, 2025 (AP)
Politics

US envoy, Netanyahu discuss restraining attacks on Lebanon, withdrawal

Smoke billows following Israeli airstrikes in multiple areas in Sanaa, Yemen, Sunday, Aug. 24, 2025 (AP)
Politics

Ansar Allah vow sustained Gaza support despite Israeli strikes

Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • x
  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS