Brazil’s Soybean Crushers Seek Better Market Access for Soymeal in China The huge increase in Brazil’s soybean exports to China has been a boon for its farmers who are receiving almost $2/bushel more than in the U.S., but it has put local soybean processors in a bind. The Brazilian Association of Vegetable Oil Industries (ABIOVE) today raised its forecast for the country’s soybean exports in its current marketing year to 79 MMT, which would be far above the total 68 MMT in MY 2017/18 and 52.1 MMT in MY 2016/17. Even though the 2018 crop was a record 122.4 MMT, this significant growth in exports, mostly to China, has reduced the amount available for domestic crushing and substantially raised the price of those soybeans. C...