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.