Chinese exports from Brazil are selling at a premium of up to $1.50 per bushel above those from the US , where prices have fallen by 17% in nearly a decade to around $8.50 , their lowest level in six weeks . Bunge Ltd and ADM declined to comment. The imposition of Soyabean tariffs on US imports of soyabeans and the consequent reduction in orders from the country triggered the price drop, but the lower price has brought a rush of demand from other countries like Mexico , Thailand and Thailand . Figures from the USDA showed worldwide advance purchases of the next US crop were up by 127% YoY in June .
Chinese exports from Brazil are selling at a premium of up to $1.50 per bushel above those from the US , where prices have fallen by 17% in nearly a decade to around $8.50 , their lowest level in six weeks . The imposition of Soyabean tariffs on US imports of soyabeans and the consequent reduction in orders from the country triggered the price drop, but the lower price has brought a rush of demand from other countries like Mexico , Thailand and Thailand . Figures from the USDA showed worldwide advance purchases of the next US crop were up by 127% YoY in June .