Tennessee soybean farmers are cautiously optimistic that China will begin buying U.S. soybeans again, after President Donald Trump announced cuts to U.S. tariffs on China after meeting with President Xi Jinping Oct. 30. The Trump Administration announced that China has agreed to resume buying American-grown soybeans. Soybeans are the top commodity grown in Tennessee, based…
Chicago soybean prices reached a 15-month high following news of a trade truce with China. China has agreed to purchase tens of millions of tons of U.S. soybeans over the next few years. The deal could help Chinese demand for U.S. soybeans return to previous levels by the 2026/27 season. Chicago soybeans hit a 15-month…
WASHINGTON — President Donald Trump said he reached an agreement with Chinese President Xi Jinping on soybean purchases, fentanyl precursors, and rare earth exports, paving the way for a finalized trade deal to be signed “pretty soon” that he said would last for at least a year and result in an immediate reduction in tariffs….
WASHINGTON ‒ President Donald Trump heads into a high-stakes meeting with Chinese President Xi Jinping on Oct. 30 seeking to finalize a trade deal that investors and American soybean farmers hope ease tensions between the world’s two largest superpowers. The meeting between Trump and Xi in Gyeongju, South Korea ‒ capping the U.S. president’s five-day…