Asia
U.S.-China trade separation has accelerated since 2025, while broader geopolitical trade fragmentation has stabilized, the WTO said in its latest outlook.
Brazil is expanding corn and sorghum exports as U.S. suppliers face stronger competition.
Soybeans remain caught up in ongoing U.S.-China trade negotiations.
Both sides say there is little room left for compromise as negotiations continue.
China remained the leading destination for U.S. soybeans as weekly sales declined.
Brazilian soybeans maintained a delivered-cost advantage over U.S. supplies during the second quarter.
Mexico is providing more growth as U.S. agricultural exports to China remain below 2022 levels.
China accounted for more than half of U.S. soybean sales in the latest reporting week.
U.S. agricultural exports to China have fallen sharply as producers wait for tariff relief.
National security concerns are being weighed alongside economic opportunities and private property rights.