China's Soybean Purchase Drop: US Farmers in Crisis

Despite expectations, Chinas soybean purchases from the U.S. have fallen short, with only 332,000 metric tons bought since a recent summit. This is far less than the agreed 12 million metric tons by January and a fraction of the planned 25 million metric tons annually. The low demand has led to a sharp drop in soybean prices, leaving American farmers in a precarious financial situation.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.