March imports spike after holiday in February
Soybean imports jumped nearly a quarter from the previous month but remained 18% down year on year as import activities were limited by negative crush margins and slow farmer sales in Brazil.
Sorghum imports were robust, more than doubling month on month and were up 56% on the year. Chinese buyers sought cheaper alternative for expensive corn and wheat in animal feed use.
Meat imports in March rose sharply after the previous month, but were still sig...