Indeed, the US Soybean Association issued a statement immediately.
Thanking Trump for the trade agreement reached in Southeast Asia. However, the statement did not mention that China is about to resume purchasing American soybeans, but rather that countries such as Thailand will purchase soy meal.
The amount of the agreement is 26 billion dollars. (Correction)
Moreover, these Southeast Asian countries are preparing to reduce non-tariff barriers to American soybeans, such as issues related to biotechnology standards and inspection and quarantine standards.
The US side has always said that a framework agreement has been reached, and that the soybean issue has been resolved, but the US Soybean Association's statement did not mention it at all.
This indicates that the final outcome has not really been settled yet.
Until seeing real orders, the US Soybean Association will not believe anything.
Since August of this year, American soybean farmers have found a serious problem: China has not placed any orders.
As time passes, farmers' anxiety is getting more severe. The US Soybean Association has repeatedly publicly called on the Trump administration to quickly reach an agreement with China.
This Kuala Lumpur meeting is also their last hope this year.
The current problem facing American soybeans is high tariffs (at least 34%), making them unable to compete with South American soybeans in price.
Original: www.toutiao.com/article/1847094801772544/
Statement: This article represents the personal views of the author.