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Soybeans Cited as a Factor in Largest U.S. Trade Deficit Since 2008

December 6, 2018 | Posted in Commodities
According to MarketWatch, China’s boycott of U.S. soybeans made a significant contribution to the country’s October trade report. According to data from the U.S. Bureau of Economic Analysis and the U.S. Census Bureau, the deficit increased from $54.6 billion in September (revised) to $55.5 billion in October, as exports decreased and imports increased.
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