FRESH TRAVEL CURBS AMID COVID-19 SURGE

BEIJING/SINGAPORE, China’s soybean imports are set to slow sharply in late 2021 from a record firsthalf tally, confounding expectations for sustained growth from the top global buyer and denting market sentiment just as U.S. farmers look to sell their new crop. The collapse of profitability in the pig sector and the sharp increase in wheat feed use are squeezing demand in China. In China, which accounts for 60 percent of the world’s soy imports, could be less than 100 million tonnes this year, compared to the recent US forecast of 102 million tonnes.