Soybean shipments from Brazil to China were down slightly last week to 2.7 million tons. Shipments from Argentina were 490k tons, and shipments from the US remained relatively small at 137k tons from the Gulf and PNW.
Corn shipments from Argentina have picked up, following the resumption of the trade in April. In April, Argentina shipped 136k tons of corn to China, and in May this is already at 356k tons....