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Cargill, ADM, and Bunge to sell South American soybeans to China

Bloomberg reports Cargill, ADM, and Bunge have made a deal with China to ship more soybeans from South America.

The soybeans will be shipped from Brazil, Argentina, and Uruguay.

U.S. farmers continue to be negatively impacted by the trade war with China. The latest USDA World Agricultural Supply and Demand Estimate (WADE) projects higher domestic inventories and lower imports for China.