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Soy Shrugs Off China’s Tariff Cut as Traders Want to See Sales

  • The reduction is “something, but it’s not a game-changer”
  • Hog futures jump as duties are also lowered on U.S. pork
Hedge Funds Go All In On Soybeans As Bull Wagers Jump Sevenfold
Photographer: Daniel Acker/Bloomberg
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Soybean futures traded with little enthusiasm in a lackluster response to China’s decision to cut retaliatory tariffs on American imports. Hogs, though, jumped with traders more optimistic for U.S. pork sales as the Asian nation suffers from an epidemic of African swine fever.