Trump sees deal with EU

President Donald Trump and the president of the European Union announced after meeting Wednesday that the EU had agreed, as part of early trade talks, to lower industrial tariffs and increase soybean buys from the U.S. As a region in the world, the EU is already one of the larger buyers of U.S. soybeans. The European Union as of now has imported 4.3 million metric tons of soybeans (157 million bushels) from the U.S., about 4% more than by this same time a year ago. Netherlands and Germany are the two largest EU buyers of U.S. soybeans.No specifics were laid out on just how much more soybeans the EU has agreed to increase imports of U.S. Globally, U.S. soybean exports are down nearly 2.8 million metric tons from a year ago, or 101 million bushels.