Chinese soybean tariff creates 'new and unusual trades'

Chinese tariffs on US soybean imports have created new and unusual trades with alternative export markets opening up, Braemar ACM says.

Beijing slapped a 25% tariff in US soybeans in July, leading what was the second largest soybean trade last year to grind to a halt.

As a result China has flipped its attention to Brazil, where it has displaced other buyers from the market, the shipbroker explains.