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Soy growers cautiously optimistic following trade war truce
America’s soybean farmers welcomed early-hour news May 12 announcing that U.S. and Chinese officials had reached an agreement that temporarily reduces tariffs levied by the countries on exported products, including U.S. soy. The pause will be in effect for 90 days while negotiations continue. Farmers across the soy-producing states are hopeful that during this time, a long-term Phase Two pact can be made to address Chinese tariff and non-tariff …
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