Trump Announces Major Soybean Purchases by China

Reported about 5 hours ago

President Donald Trump stated that China will begin purchasing 'tremendous' quantities of American soybeans following discussions with Xi Jinping in South Korea. Although specific details were scarce, the Chinese commerce ministry confirmed an agreement to boost agricultural trade. Market responses varied, with soybean prices initially falling and uncertainty about the extent of trade continuing as China diversifies its supply sources, purchasing more from Brazil and Argentina.

Source: YAHOO

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