***Escalating tensions between the United States and China have triggered a flurry of U.S. soybean purchases by European buyers, in one of the first signs that trade tariff threats lobbed between the world’s top two economies are disrupting global commodity trade flows.
The USDA said 458,000 tonnes of U.S. soybeans were sold to undisclosed destinations, which traders and grains analysts said included EU soybean processors such as the Netherlands and Germany.
If the entire volume is confirmed to be going to the European Union, it would be the largest one-off sale to the bloc in more than 15 years, according to USDA data. The USDA could not immediately be reached for comment.***
we all know the US has a huge trade imbalance with China, but as I understand it the US sells a LOT of food to them.
if this leads to buyups of corn/wheat etc would we have global food price increases?
I don't see how we don't.
cmon, kids, quit fighting and play nice.
Trade War Brings Run on Soybeans
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