"Brazil preparing for end of U.S.-China trade war, mulls response -officials"

From Reuters:

Brazil is conducting studies on how it could be impacted by the end of the trade dispute between China and the United States, which could help Latin America’s largest economy to formulate a response if it disrupts soy exports, agriculture officials told Reuters.

U.S. Trade Representative Robert Lighthizer said on Tuesday that negotiations are entering their final weeks on a possible accord, that could see China remove a 25 percent tariff on U.S. soy that upended global farm trade and shifted demand toward Brazil.

Regardless of a potential Sino-American resolution, Brazil does not have the soy supply this year to match last year’s China-driven spike in exports, said Eduardo Sampaio Marques, the Agriculture Ministry’s policy secretary who oversees market analysis and subsidy programs.
“It is very difficult to repeat last year’s numbers,” he said by phone.

Brazil had record-high production in the 2017-18 crop year and on top of that drew down the vast majority of its soy stocks for exports to China, which sought to replace U.S. soy amid the trade war....

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Earlier: 
China: "Brazilian Soya Bean Exporters Set New Records"