The price of soybeans fell, after the escalation of confrontation between the US and China

the Decision of the President of trump on the introduction of 10% duty on Chinese goods worth $ 300 billion after a previously imposed 25% tariffs on goods worth $ 200 billion collapse of oil and equity markets.

the September soybean futures dropped to a 10-week low of 8.47 $/bushel or 311,18 $/t, while corn fell to an 11-week low of 3.93 $/bushel or 156,18 $/t

trump said that China does not have three months ago, the promise to step up the purchase of American agricultural products, which could disrupt the signing of the agreement. The two countries will continue trade talks, but by the time you run LCC on his promise the US will impose an additional 10% import duty on goods worth $ 300 billion.

Long trade war between the US and China slowed down the development of both economies and can cause the collapse of the Chinese economy, which loaned up too, so the reduction in export sales may lead to a new global crisis.

Export sales of old crop soybeans for the week rose to 143 thousand MT of new crop to 305 thousand tons, which is still inferior to expert expectations.

Brazil after a decline in demand from China has reduced the export of soybeans in July to 7.82 million tonnes, which is 23% below the corresponding figure last year and 1.25 million tons less than were exported in June.

Premium for Brazilian soybeans rose again, after the escalation of confrontation between the US and China, so the farmers will get additional income from export restrictions of U.S. soybeans to China.