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Sean O’Toole at CHS Hedging said, “The U.S. is enforcing a new round of tariffs on 67 countries as of today, August 1. The international agriculture markets are closely watching for last-minute developments and responses to the U.S. tariff deadline. High-stakes negotiations with major partners like Mexico, Canada, the EU, and Asia are underway, with only a few exceptions (e.g., partial deals with the UK, Vietnam, and China), fueling short-term market speculation.”
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