China tells US soy shippers to delay shipments as trade tensions mount


CHINESE state soybean buyers asked US exporters to delay cargoes scheduled for July loading into August, citing limited availability of storage capacity, according to Bloomberg sources.

The request is for as much as two million tonnes of American soybeans, said the sources. The buyers requested to delay the US shipments due to a large number of vessels carrying

South American supplies arriving at the same time, they said.

China, the world’s top importer, bought about 13 million tons of US soybeans after the countries agreed to a truce in their trade war in December.

The country has since put purchases on hold because of a worsening in tensions, people said last month.