How El Nino's effect in Brazil could give advantage to China in trade war

The weather is favouring China in its trade war with the US.

Thanks to the El Nino phenomenon, Brazil may be able to supply more soybeans than usual in January, helping feed China’s appetite for the oilseed as buyers in the Asian nation snub made-in-America crops. Japan’s weather agency said on Friday El Nino had emerged and it sees a 70 per cent chance of the event continuing through spring.

Conditions were favourable in early planting in Mato Grosso, Brazil’s top soybean-producing state. The outlook also bodes well for the second half of December, when the harvest of early varieties starts, Celso