China Soybean Prices Spike as Trade War Worries Feed Supply Fears

China Soybean Prices Spike as Trade War Worries Feed Supply Fears
A truck unloading animal feed made from soybeans at a port in Nantong City, Jiangsu Province, China, on August 6, 2018. AFP/Getty Images
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BEIJING—China’s soybean and soymeal prices jumped on Aug. 8, with beans posting their biggest daily gain in a decade, as data showing a drop in soybean imports stirred supply concerns.

Customs data showed arrivals fell in July as processors ended months of buying to build supplies before tariffs took effect.