China is investing billions in Latin America, potentially sidelining US farmers for decades to come

From the docks of the Port of Santos, a 58-terminal complex covering an area the size of 1,500 American football fields, ships loaded with soybeans prepare to set sail for China. 

Less than 45 miles from São Paulo, the port services nearly a quarter of Brazil’s soybean exports. For decades, U.S. agribusiness giants like Archer Daniels Midland, Bunge and Cargill have operated facilities at the port. 

Today, they share space with COFCO International, China’s state-owned food conglomerate, which has invested around $285 million in recent years. The expansion will make it the port’s largest dry bulk terminal.