Soybean diplomacy
Chinks sabotaging themselves as usual
The Asian nation, the world’s top soybean importer, bought more than 3 million metric tons of the commodity from the US just this week, a volume that surprised the market. The move is a gesture of goodwill ahead of Biden-Xi talks scheduled to take place in San Francisco next week, according to people familiar with the matter who asked not to be named discussing governmental decisions. This isn’t the first time China used the soybean for geopolitical leverage. Beijing bought and halted purchases of US supplies of the oilseed — used to make animal feed and cooking oil — several times throughout Donald Trump’s trade war. But recently, China has been scooping up cheaper Brazilian supplies instead.
@Lv99_BixNood
China’s Soybean Diplomacy Makes a Comeback Ahead of Biden-Xi Meeting
(Bloomberg) -- China is bringing back soybean diplomacy as the world’s second-largest economy seeks closer ties with the US ahead of a meeting between President Xi Jinping and his American counterpart...
