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Trade war

Chinese buyers shy away from Brazilian soybeans as prices jump

Sino-U.S. trade war hikes up feed grain value

Soybeans at a supermarket in China. Chinese traders have stopped purchasing Brazilian soybeans as prices jump.   © Reuters

SINGAPORE (Reuters) -- A jump in prices for Brazilian soybeans is putting off buyers in China, two traders said, even as the rise was driven by expected demand from the world's No.2 economy as its trade war with Washington intensifies.

Prices for Brazilian soybeans have climbed to $400 a ton, including cost and freight (C&F) to China, up from $380 last week before the latest round of escalation in the Sino-U.S. trade conflict, the traders said.

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