Bloomberg with another report on the US-China trade issue, citing people familiar with the situation
The report says that privately run Chinese crushers that have received retaliatory tariff waivers on American soybeans from the government have stopped purchases due to uncertainty over US-China trade relations.
The buyers were given the go-ahead to acquire between 2-3 million tonnes of US soybeans under a waiver plan last month but have changed their mind after not having received any notices from the government on any policy chance since last Thursday.
This casts further doubt on the trade matter as earlier today there was a report saying China had asked state-owned buyers to halt purchases. Reckon this should also overrule sentiment from the remarks made just a couple of minutes ago here.
