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Soybeans Ease as U.S.-China Tensions Create Concerns

Escalating U.S.-China tensions raise worries over demand

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Chicago soybeans slid on Thursday as mounting diplomatic tensions between Beijing and Washington stoked fears over China’s demand for U.S. supplies, reports Reuters.

Wheat fell after two days of gains amid harvest pressure while corn lost ground.

Washington has given Beijing 72 hours to close its consulate in Houston amid accusations of spying, marking a dramatic deterioration in relations between the world’s two biggest economies.

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