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Brazilian soybean port premiums jump as US and China engage in trade war

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Listen: Brazilian soybean port premiums jump as US and China engage in trade war

Brazil, the world's largest soybean exporter, is bound to be nearly alone in providing the oilseed to China with competitive prices, after the Asian country imposed a 25% tariff on US exports. However, uncertainties around Brazilian domestic freight costs make the scenario for the South American agriculture giant blurrier than farmers and exporters would expect.

Sophie Byron, S&P Global Platts senior managing editor for the Americas Agriculture pricing team, talks with Gustavo Bonato, soybeans editor in Brazil, about the outlook for the soybeans market.