According to a report put together by the American Farm Bureau Federation, U.S. soybean exports to China are down dramatically. For the first seven weeks of the new marketing year, the U.S. shipped 7.4 million bushels of soybeans to China. That’s down 97 percent from the same period last year. In addition to the 25 percent tariff on U.S. soybeans, China has a large domestic supply of soybeans and that has influenced demand.
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