US soybean exports scrapped as China shifts to Brazilian beans.

Orders for nearly 1 million tonnes of U.S. soybean exports were canceled this week as cheap supplies from Brazil and trade tension with China made U.S. cargoes less attractive to buyers. U.S. Department of Agriculture did not detail which buyers canceled the cargoes in a daily announcement of large export deals. But China buys the lion’s share of U.S. soybean exports and trade.