China Plans to Purchase 12 Million Tons of Soybeans in 2023

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Source: Bloomberg.com
China Plans to Purchase 12 Million Tons of Soybeans in 2023
Photo: Bloomberg.com
TL;DR Summary

China has agreed to buy 12 million tons of US soybeans this year and at least 25 million tons annually for the next three years, easing concerns for US farmers and signaling a partial recovery in US-China soybean trade amidst ongoing trade tensions.

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