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Highlights, China, Europe, Markets & Rain Days Update 8/6/22

Highlights


Yesterday morning, the USDA announced the sale of:

  • 132,000 mts of new crop soybeans to China

  • 132,000 mts of new crop soybeans to unknown destinations

China is going to punish the US for Pelosi’s visit to Taiwan by suspending eight “cooperation mechanisms”:

  • Dialogue with the US at the level of regional military commands.

  • Working meetings with representatives of the Ministry of Defense.

  • Meetings with US representatives under the Maritime Security Mechanism.

  • Negotiations on climate change.

  • Cooperation in the fight against drugs.

  • Cooperation in the field of litigation and justice.

  • Cooperation in the fight against international crime.

  • Cooperation in the field of combating illegal migration and repatriation of citizens.

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