U.S. crop giants are doing more Brazil deals thanks to trade war
Story Date: 11/12/2018

 

Source: BLOOMBERG, 11/8/18


Some of the most iconic names in U.S. agriculture just agreed to do more business with China. But it’s coming at the expense of American farmers as the companies agree to ship more soybeans from Brazil amid Donald Trump’s trade war with Beijing. Cargill Inc., the biggest privately-held U.S. company, as well as its century-old rivals Archer-Daniels-Midland Co. and Bunge Ltd., among others, inked soybean deals with China’s state-owned grain buyer this week…

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