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China Places Large Order for Soybeans

04/07/2019

The USDA announced on April 1st that China had placed a second order amounting to 828,000 tons for soybeans. The order will be shipped within the current marketing year which ends on August 31st.

Trade talks between the U.S. and China continue with apparent progress on both trade and structural issues. In response to the U.S. decision to defer the March 1st imposition of additional tariffs on manufactured goods China, will continue to suspend tariffs on U.S. autos and parts after April 1st.