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Farms.com’s Top 10 U.S. stories in June 2024


1) The impact of a possible China-Taiwan war on ag markets

Wheat markets

A potential war between China and Taiwan, with significant U.S. involvement, would have profound effects on global agricultural markets.

In a war scenario, China and Taiwan's agricultural productivity would likely plummet. Taiwan's economy would suffer a severe blow, with Bloomberg Economics estimating a 40% drop in GDP, severely affecting its agricultural sector.
 

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