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Summary:China's actions regarding soybean purchases are identified as an economically hostile act, leading to a consideration of terminating trade with China, specifically concerning cooking oil and other trade elements, as retribution.
Sentiment:Confrontational
Key Claims:
  • China purposefully not buying US Soybeans.
  • China's actions cause difficulty for US Soybean Farmers.
  • China's actions constitute an Economically Hostile Act.
  • The US is considering terminating business with China related to Cooking Oil and other elements of Trade.
  • This termination of business would serve as retribution.
  • The US can easily produce its own Cooking Oil and does not need to purchase it from China.
Potential Market Impact (S&P 500):7/10
Potential Geopolitical Risk:4/10
Potential Global Cross-Asset Impact:8/10