6. Conclusion
The United States of America and China have long been trade partners. In regard to soybeans, the U.S. is world's largest producer, but its position is threatened by Brazil and Argentina. China is the world's largest soybeans consumer, and as their internal capabilities fail to satisfy the demand, they are also the globe's largest importer. A decision to export soybeans to China could result in beneficial outcomes, but only if the market characteristics are entirely respected.
Works Cited
Provance, P., March 2003, Production Estimates and Crop Assessment Division, Foreign Agricultural Service, http://151.121.3.140/pecad2/highlights/2003/04/chexp/index.html. Ast accessed on June 4, 2008
Song, B., Marchant, M.A., Reed, M.R., Xu, S., 2007, Market Power and Competitive Analysis of China's Soybean Import Market, Contributed Paper Presentation for the International Agricultural Trade Research...
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