According to a report from PBS, with the threat of tariffs and counter-tariffs between Washington and Beijing looming, Chinese buyers are canceling orders for U.S. soybeans, a trend that could deal a blow to American farmers if it continues.
At the same time, farmers in China are being encouraged to plant more soy, apparently to help make up for any shortfall from the United States.
Dan Basse, president of AgResource, an agricultural research and advisory firm said that it has been roughly three weeks since China has made any major soybean purchases, an unusually long delay.
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