US, China are important agriculture partnersHopes for US to foster environment that would be conducive for cooperation
Well, China had pledged a commitment to purchase 12 million metric tons of US soybeans by the end of January. That comes after of course having halted soybean purchases from the US just ahead of the meeting between Xi and Trump in South Korea. Another thing to note is that Beijing had also interestingly kept duties on soybeans (13%) despite suspending some tariffs against the US earlier today. That will at least give them some excuse to easily divert away from the US and back to Brazil after a couple of months.
This article was written by Justin Low at investinglive.com.