China Buys More U.S. Soybeans as Trade Talks Continue

China Buys More U.S. Soybeans as Trade Talks Continue

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China buys 80% of the soybeans Iowa produces each year. China buys 80% of the soybeans Iowa produces each year.

December 19, 2018

NASHVILLE, Tenn (RFD-TV) China buys more U.S. soybeans with market sources claiming a purchase of between 5 and 15 cargoes, but it still remains unclear if China will change course enough to satisfy U.S. trade demands. Either way, communication channels between the two nations seem to remain open. China’s Commerce Ministry told Reuters about a recent phone call where officials talked trade and economic issues. Treasury Secretary Steven Mnuchin says the countries will hold meetings in January to further those discussions. President Xi continues a firm tone, telling his citizens the Asian Nation will “stay the course,” on its own economic path.

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