The American Soybean Association (ASA) welcomed the two-month extension of the U.S.-China trade truce and expressed hope that ongoing discussions between the two countries will lead to additional opportunities for U.S. soybean farmers.

As this week's summit continues, ASA is encouraging further progress toward increased purchases of U.S. soybeans and a lasting trade partnership with China.

“Soybean farmers want to see this momentum continue with strong purchases of U.S. soy and a lasting trade partnership with China,” said ASA president and Ohio soybean farmer Scott Metzger.

The association said it hopes continued dialogue will provide greater certainty and long-term market opportunities for U.S. soybean farmers.

Source: American Soybean Association, "ASA Statement on U.S.-China Trade Truce Extension"