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Thursday, December 26th, 2019

 

China has just begun to get US soybeans once more

2018 was a terrible one for US exporters of soybeans. As indicated by information from the International Trade Center, the estimation of US sends out fell by 20% from $21.5 billion out of 2017 to $17.2 billion 2018. About the entirety of that drop was expected to diving fares to China, which had slapped 25% duties on soybeans in July 2018. Soybeans are one of the US’s biggest fares to China, and Chinese imports of US soybeans dropped 75%. 2019 seems as though it may be a vastly improved year.Read More