Latest data from the U.S. Department of Agriculture: Sharp decline in China's purchases of American soybeans and pork.
According to a report by the Wall Street Journal on the 24th, the "global trade war" initiated by the Trump administration has hit overseas demand for American crops and meat. The latest export data released by the US Department of Agriculture shows a sharp reduction in China's purchases of American soybeans, as well as a decrease in their plan to import American pork by 2025. The report stated that Carl Setzer, head of the Kansas agricultural consultancy, said, "If we see another wave of massive cancellations of orders next week, I expect the market to react even more."
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