China crimps U.S. Farm exports
The government lowered its forecast of U.S. farm exports by 5 percent from August. The $7 billion cut was due to “lower prices, strong competition and diminishing Chinese demand,” said USDA in a quarterly report. It pegged exports during fiscal 2016 at $131.5 billion, or $8.2 billion below fiscal 2015, which ended on Sept 30,… » Read More
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