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Soybean Industry on Edge Again

Chinese officials reluctant to commit to multi-year purchase agreements

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According to a report at CNBC, the U.S. soybean industry is on edge again as relations with China have turned south.

The Trump administration is trying to get Beijing to commit to multi-year purchase agreements, The Wall Street Journal reported Friday, citing sources familiar with both sides of the matter. Those goods include U.S. soybeans, beef and poultry, the report said.

But Chinese officials have been reluctant to commit, the sources told the newspaper.

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