Getting worse: A stall of US Soybean Export Council is seen during the China International Import Expo in Shanghai. Market moves in reaction to news of the US-China trade truce have so far only worsened crushing margins in China. — Reuters
SINGAPORE: For a soybean farmer in Iowa or Illinois, it may be premature to celebrate the ceasefire in the trade war between the US and China.
After all, there’s still no sign of any easing in the 25% retaliatory tariff that China levies on imports of American soybeans.
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