American Soybeans To Make Rare Journey To Top Exporter Brazil
By Isis Almeida, Tatiana Freitas and Alfred Cang
Bloomberg
The U.S. has started selling soybeans to Brazil after the world’s top exporter lowered import tariffs in order to bridge a domestic shortage.
At least one cargo was sold to the South American nation last week, with several trade houses looking into how they can make the transaction work, according to people familiar with the matter, who asked not to be identified because the information is private. The load will be shipped from a U.S. Gulf port this year, the people said.