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Brazil surpasses US in soy exports to China

Brazil has surpassed the US as the largest exporter of soybeans to China.  According to Aprosoja’s website in the first 11 months of the year Brazil shipped 19.8 million tons of beans, a nearly 7 percent increase from 2010 while the Chinese imported 18.75 million tons from the US, a less than ¼ of a percent higher than 2010. 

Last month, China imported nearly 5.7 million tons of beans, the second highest monthly total on record, but China imported almost 35 percent less beans from the US allowing South American beans to cut into the US share of the Chinese market. 

Currently, China is on pace to import 52 million tons of soybeans in 2011, 5 percent below 2010.