China to Buy $1.8 Billion of U.S. Soy Beans

January 21st, 2011
in econ_news

soy beans Econintersect:  Soy beans are becoming important players in international finance.  Yesterday (Thursday, January 20) a chinese business group signed agreements to buy more than 3 million tons of U.S. soybeans.  The deal is worth about $1.8 billion.

Follow up:

Related news cites a bumper soy bean crop in Argentina boosting that country's exports and producing the largest decline in sovereign debt default risk for that country of any country in the world.  

Sources: GEI News and Reuters

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