The market fear has raised since China issued the new tariff list of 106 U.S. products. Targeting at soybean, corn, cotton, sorghum and other U.S. agricultural exports, the additional tariff would result in the severe export decline as well as the growing panic of U.S. farming and agricultural industry. Today, U.S. soybean market’s biggest fear has been confirmed. Bunge, world’s biggest oilseed processor says China has essentially stopped buying U.S. supplies amid the brewing trade war, reported by Bloomberg.
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