No specific details so far on Chinese purchase commitments Cheaper Brazilian soybeans already cover much of China’s near-term demand Friday’s phase one trade deal between the US and China may be unsustainable as the Asian giant might not be able to buy $40 billion worth of US agricultural products annually due to economic and commercial reasons, market sources told S&P Global Platts this week. The Chinese quarterly economic growth in the July 1-September 30 period has slowed down to 6%, the lowest in three decades, which means that the country’s purchasing capacity has depleted, an industry source said. In this scenario, it is highly unlikely for China to up its agricultural purchases from the US without cutting down on trade volumes with other countries, such as Brazil. After Friday’s partial trade agreement with China, […]