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On August 23, 2019, the People’s Republic of China’s Ministry of Finance (MOF), State Council Tariff Commission (SCTC) announced new tariffs on certain U.S. products, valued at $75 billion USD.
Total production of grain and other crops on a grain equivalent basis is estimated at 5.75 million metric tons (5 MMT, milled basis for rice and grain equivalent for soybeans) in marketing year....