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Brazil's Farmers Dump Sugar for Soy as Trade War Boosts Chinese Demand

Last year, Brazilian farmer Gustavo Lopes sized up his sugar cane plantation against his soybean fields. He looked at global trends, including rising U.S.-China trade tensions and a stubborn sugar-market glut. Then he tore up the last of his cane fields and ditched a decades-old supply contract with a local sugar mill. Lopes planted soybeans across his 1,600-hectare (4,000-acre) farm in Sao Paulo state - a bet that paid off earlier this month when Chinese buyers loaded up on South...


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