CHINA-ECONOMY: SOYBEAN PRODUCTION

China's National Bureau of Statistics said July 15, that China's agricultural planting area for the high-protein food crop increased in the first half of the year.  Separately, the Ministry of Agriculture said in late June that nationwide soybean planting is expected to expand 8% to more than 130 million mu (8.67 million hectares) in 2019, an increase of more than 10 million mu over last year. Archer-Daniels-Midland Co., one of the world’s largest agricultural commodities traders, also warned on July 16 that trade patterns affected by a 25% retaliatory tariff on American soybeans introduced more than a year ago may become entrenched as the world's top importer of soybeans may be seeking to reduce its dependence on the U.S. permanently by buying from elsewhere and expanding its own production. 







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