EU approves US soybeans for biofuel production

In this Nov. 21, 2018, file photo, Justin Roth holds a handful of soybeans at the Brooklyn Elevator in Brooklyn, Iowa. Photo: AP/Charlie Neibergall, File
In this Nov. 21, 2018, file photo, Justin Roth holds a handful of soybeans at the Brooklyn Elevator in Brooklyn, Iowa.

January 29, 2019 08:02 AM

The European Union has approved U.S. soybean exports to be used in the production of biofuels in an effort to boost such imports following last summer's trans-Atlantic meeting between President Donald Trump and his EU Commission counterpart Jean-Claude Juncker.

The summit meeting was able to stave off a tariffs war on industrial goods like cars but Juncker made a commitment to buy more U.S. soybeans.

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The Associated Press

(Copyright 2019 by The Associated Press. All Rights Reserved.)

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