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Bessent: Soybean Deal with China Secure
Published 2 days, 6 hours ago
Description
U.S. Treasury Secretary Scott Bessent downplays Chinas soybean buying rumors, confirming the current deals solidity. Despite Trump and Xis meeting, traders and analysts doubt additional purchases. Chinas soybean imports from the U.S. have been declining, with the U.S. supplying only 15% in 2024. The focus now shifts to Beijings commitment to purchase 25 million metric tons annually from 2022 to 2028.
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