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Will China Cancel Soy Shipments Enroute?

Ships steam to China with U.S. soy as tensions escalate

Cargo container

As the U.S.-China trade war escalates, speculation is swirling over whether the Asian nation will honor purchases of American products including soybeans and cotton that are yet to be delivered, reports Bloomberg.

At least 10 bulk carrier cargoes are in transit, while at least one vessel managed to offload its U.S. cargo on the weekend as tensions between Washington and Beijing flared.

Another 468,000 tons of American corn, 103,000 tons of pork, and 704,000 running bales of cotton also have been sold but not yet shipped to China, according to the USDA.

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