US Soybean buys by China have picked up following a summit between Trump and President Xi Jinping in May. The Asian nation has booked a number of cargoes (last) week alone, including 238,000 tons reported by the US Department of Agriculture on Friday.
That puts this year’s purchases roughly a quarter of the way toward meeting what the White House has said is a commitment to purchase at least 25 million tons of soybeans annually through 2028. The administration has also said China has agreed to buy at least &17 billion of additional US agricultural products annually,” Ailworth reported. “Traders continue to watch for any additional policy signals from Washington and Beijing before an expected meeting between Trump and Xi in September.