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China suspends future purchases of US soybeans


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Some more farm bailout money on the way!

China doesn't plan to cancel orders it's already made, Bloomberg reported, citing people familiar with the situation. Even though China had agreed earlier this year to buy 10 million tons of U.S. soybeans, the purchases have halted, with about 7 million tons of soybeans yet to be delivered to China, Bloomberg noted. 

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