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McLeod County, MN | The Chinese have to actually remove the bean tariff before the purchasing begins. Most likely they are hammering out details of how "the deal" should proceed. Once the tariff for beans is removed their CHSs, Cargills, and ADMs can start buying. That's when the market will start to move higher.
I think the Chinese really shot themselves in the foot with the bean tariff. Now they are backing off from it and used it as an olive branch to jump-start negotiations cause they are in need of beans right now. | |
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