01.
08.18
05:34

Soybean prices under pressure - Barometer of Trade Conflict

The soybean prices on the CBoT are dropping by 1% per hour, leaving their 6-week highs they reached in yesterday's session. The market is worried that President Donald Trump wants to impose additional import duties on Chinese goods.
The US president is already rumored to impose 25% punitive tariffs on Chinese imports worth $ 200 billion. Obviously, soybean prices are a good barometer of the current state of the US-Chinese trade dispute.

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