http://www.msn.com/en-us/money/markets/chinese-soy-buyers-tour-us-farm-as-trade-war-drags-on/ar-BBMCtj2?ocid=ientp
”Another delegation member from a top-ten crusher in China said he is unsure of how long the trade war will drag on but that Chinese buyers will return to the U.S. market as Brazilian supplies run low and prices there rise in response.
That, said the soy buyer, may already be starting to happen.
"Since last Friday, the (South American) sales basis is starting to rally by around 20 cents per bushel. That means commercial stocks are getting tighter," said the trader, who also declined to be identified.
Still, the two sides remained locked in the standoff.
Even small deals for U.S. soybeans to China may be elusive during this week's gathering.
"We can cover our demand until November. But for December and January, we are a little short of beans," he said, declining to be identified by name. China's total U.S. purchases in December and January should total at least 13 million tonnes, he said.”
