Brazilian industry looking at way to reduce soybean exports to China

In Brazil, Reuters reports that Ubrabio wants the government to return 10% of the taxes levied on soybean exports to be returned to crushers so they can compete with international demand for whole beans. China has been importing Brazilian soybeans en masse in response to the trade war with the US that has in turn pushed up prices beyond what is feasible for crushing domestically, leaving the biodiesel industry without feedstock as well as animal feed compounders without soymeal. A Brazilian delegation is visiting China this week in hopes of convincing China to import soymeal rather than whole beans.