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The soybean is the agricultural product that has been in the crosshairs of the trade dispute between the United States and China since last year. After trading to a high at $10.71 per bushel in early 2018, the price fell to the lowest level since 2008 in May when it reached a low at $7.8050 per bushel. The price came within 4.25 cents or the decade low.
Before last year, China typically purchased the soybean yield from one out of each four acres of US production. However, tariffs and retaliatory measures sent China to other