China Drops Tariff on U.S. Soybeans, Grains Rally
The China soybean tariff drop triggered the biggest U.S. grain market rally in weeks, with USDA confirming Chinese flash purchases of 17.3 million bushels. Soybean, corn, and wheat futures all surged as traders weigh the impact of a reciprocal tariff reduction deal ahead of the July 10 WASDE report.
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