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China’s Selective Crop Buying Tests US Trade Truce Before Summit

Source: Bloomberg

Trade Policy & Supply ChainCommodities & Raw MaterialsGeopolitics & War

China is more than halfway toward fulfilling its pledge to purchase 25 million tons of U.S. soybeans this year, supporting demand for the commodity. However, progress on a separate commitment to spend billions of dollars more on broader U.S. agricultural products has largely stalled, creating uncertainty for American crop exporters and bilateral trade expectations.

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