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US soybean exports to China jumped 12% in March, but Brazil's upcoming harvest may soon take the lead.
China's soybean imports from the US increased by 12% in March, reaching 2.44 million metric tons, up from the same period last year.
However, Brazil is expected to dominate the market soon as its harvest season begins, after seeing a 69% drop in March to 0.95 million tons.
Analysts predict China's soybean imports could hit a record 31.3 million tons in April-June, driven by new Brazilian harvests.
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Las exportaciones estadounidenses de soja a China subieron un 12% en marzo, pero la próxima cosecha de Brasil pronto podría tomar la delantera.