Well, Brazil had to sell those soybeans somewhere. Their economy is half bankrupt already anyway. If not China, where are going to send all the natural resources to, with its current price? Presumably not US, who is also desperate trying to sell its own gases/agricultural products to the world. They are competitors, not friends.
In worst case, China can just reduce the consumption of livestock, after all that is what soybeans had been used for, while finding replacements somewhere else. As long as they have enough rice, China will be fine.
In worst case, China can just reduce the consumption of livestock, after all that is what soybeans had been used for, while finding replacements somewhere else. As long as they have enough rice, China will be fine.