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Perdue: EU agreed to buy more soybeans than market would command

July 30, 2018 at 7:04 PM
The European Union has committed to buying more U.S. soybeans than could be accounted for by simple market forces, Agriculture Secretary Sonny Perdue said Monday after meeting with G20 agriculture ministers in Argentina over the weekend. In a de-escalation of trade tensions with the European Union last week, President Trump and European Commission President Jean-Claude Juncker announced they would work to bring non-auto tariffs to zero, with the EU also pledging to buy more U.S. soybeans. Perdue said he understood...

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