Agriculture|Trade — CHINA'S IMPORTS OF US SOYBEANS PLUNGE 20.6% IN JUNE AS BRAZIL GAINS FAVOR

China significantly reduced its purchases of U.S. soybeans in June, with imports falling 20.6% year-over-year. The shift comes as Beijing appears to be favoring supplies from Brazil, particularly in the context of ongoing trade friction and tariffs with the United States. This trade flow adjustment highlights the geopolitical factors influencing global agricultural markets.