date:Jul 09, 2018
US Gulf into China for September loading are around $382/mt. Adding a tax of 25%, that would rise to $477/mt. That compares with Brazilian beans at around $427/mt sourced from Santos.
While the difference is significant, it may be tolerable, as China would only have to source 20% of its beans at $50/mt higher than Brazilian beans around $10/mt increase in the overall cost of imports.
Indeed, even the most pessimistic studies by academic institutions located in the US soybean and corn belt su