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China buying more U.S. beans
China has picked up more U.S. beans as sales from Brazil start to decline. The USDA Foreign Ag Service shows China bought more than one-million tons over the past few weeks. It is not clear if they are old crop or new crop. According to Bloomberg, China bought more than 20 U.S. cargos over the past two weeks and the beans were bought using previously issued tariff waivers.
