“With President Donald Trump’s trip to Beijing likely delayed until late April at the earliest and U.S. Gulf offers still $1 bu. over Brazilian FOB offers, I believe the odds China buys a significant amount of old crop soybeans to be very low,” Soderberg said. “Meanwhile China/Brazil have reached an agreement to drop the zero-tolerance for the presence of weeds in Brazilian soy shipments. The recent collapse of July/Nov spreads tells me the market is sensing the same. EU soybean imports at 8.92 mmt are down 11% YOY.  Meal imports at 13.23 mmt are down 3.6%.”