Treasury Secretary Scott Bessent says China has agreed to purchase 25 million metric tons of U.S. soybeans annually as part of an agreement reached by its leaders.
Stellantis recently announced a $13 billion investment in the U.S. market. That investment is the largest in the automaker's history for the United States.
Soybeans are Minnesotas largest export generating $2.4 billion annually. Now farmers fear they are seeing the start of a permanent market shift that will change the soybean industry.
Illinois Gov. JB Pritzker has earmarked additional funding to support seven food banks that supply more than 2,600 food pantries statewide ahead of SNAP freeze.
