Soybeans see profit taking as China’s tariffs keep U.S. prices at a premium

Soybeans were sharply lower on profit taking and technical selling. Contracts were overbought after the recent rally, which, along with China maintaining a 13% tariff on U.S. beans, even without the retaliatory tariffs, have U.S. prices at a significant premium to Brazil. China will buy more soybeans from the U.S. this year and over the […]

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