Grains merchant Bunge has chartered 30,000 metric tons of Argentine soybean meal cargo destined for China, data seen by Reuters on Monday showed, which would mark the first such soymeal cargo since Beijing approved Argentine imports in 2019.

But imports drop over last two years
Exports to countries other than U.S. rise, but not enough to offset losses like canola exports to China
China placed Canadian canola oil, meal under a 100 per cent tariff in March
Weather, China could guide oilseed’s trajectory