How does it affect Argentina?

Soybeans reached USD 400 per ton in the Chicago market this Thursday. The U.S. Treasury Secretary, Scott Bessent, announced that China would buy up to 12 million tons of soybeans by January and 25 million tons annually over the next three years. Analysts agreed that the news brought relief to American farmers, but it does not change their long-term situation. For Argentina, they considered the impact would be limited, or even beneficial, unlike Brazil, where a decrease in grains is expected. Bessent's statements came hours after the bilateral meeting between Donald Trump and Xi Jinping. Following the meeting, the U.S. president had posted that China would authorize "the purchase of large quantities of soybeans, sorghum, and other agricultural products" from the U.S. "Our farmers will be very happy! In fact, as I once said during my first term, farmers should immediately go out and buy more land and larger tractors," Trump added. Shortly after, Chicago soybean futures fell by 1%, a ...