Agreement with China should ease losses for American soybean farmers

U.S. Secretary of Agriculture Brooke Rollins reported that the Trump administration is expected to announce, within up to two weeks, a relief package for producers and an agreement for new soybean purchases by China. American farmers have faced billions in losses this year due to the drop in sales to China, which has increased its purchases from Brazil and Argentina. According to data from Washington, in October, the Chinese promised to acquire 12 million tons by January and, last week, bought 1.6 million tons in just three days. Rollins stated that negotiations are advanced and that she hopes China will fulfill the commitments made. Despite this, even if the orders are formalized now, shipments are only ...