The price of soybeans has fallen to a 10 year low after a 20% drop in 2Q 2018. That’s been driven by concerns about rising American supplies as well as 25% duties being applied by China on U.S. exports. The expectation of the latter likely drove a 6% rise in Chinese imports in May vs. a year earlier to the highest since July 2014. A further rise likely occurred in June as new duties took effect from July 6. Supplies from Brazil – which globally are 1.3x those from America – could take up some of the slack though are restricted because (a) because of strikes in the near term and (b) seaso...