NDSU Extension Crops Economist Frayne Olson says soybeans traders are relieved as trade concerns ease. “Essentially, the agreement was yes, we’ll continue to negotiate. The tariffs proposed to be put in place later this month are put on hold. There’s relief for soybeans because of the volume of business we do for China in particular on the soybean front.” Olson says nothing is written in stone. “There are no new trade agreements in place. They basically said they’ve come to the edge on saying we’re going to start a fight and that didn’t happen. It’s a major relief.”
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