Trade patterns changing to create new risk for shipping

US soya bean exports to China are 82.8 per cent lower in the first seven weeks of the 2019/2020 marketing season compared to the same period of the 2017/2018 marketing year, before the trade war started affecting this trade, according to BIMCO’s market analysis team. So far, only 1.1 million tonnes of US soya beans have been exported to China, higher than the 0.2 million tonnes shipped in the first seven weeks of the 2018/2019 marketing year, but considerably below the 6.4 million tonnes at the start of the 2017/2018 marketing year.