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China’s US soybean imports drop 12% in August

China’s imports of soybeans from the United States fell 12% in August from a year earlier, after 12 million metric tons purchased late last year following a summit in Busan arrived in recent months.

Chinese soybean imports from the United States declined 12% in August compared with a year earlier, as most of the 12 million metric tons China bought late last year after a summit in Busan, South Korea, have already reached ports in recent months.