Brazil’s agricultural agency has found a minor reduction in the protein content of the country’s current soybean harvest. That may cut the attraction of Brazilian beans to Chinese buyers, who are already cutting demand in response to the swine flu epidemic and the evolving trade war with the U.S. Brazilian exports to China fell 27.9% year over year in the three months to May 31 and represented 75.4% of the total. Among the big four exporters, Bunge saw the fastest decline with a 20.9% drop in global exports in the past three months but has the lowest exposure to China at 66.9% of its tot...
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