China Buys 1 Million Tons of US Soybeans Ahead of Xi Visit, Sources Say
Sinograin booked the cargoes for shipment from U.S. Gulf terminals as China nears half of its annual U.S. soybean pledge, traders said.
- China purchased around 1 million metric tons of U.S. soybeans this week, stepping up procurement ahead of Chinese President XiJinping's visit to Washington later this month.
- The Department of Agriculture reported on Wednesday that China secured 340,000 tons of U.S. soybean sales, with an additional 100,000 tons purchased by unknown destinations.
- Chinese state stockpiler Sinograin booked the cargoes for shipment from U.S. Gulf terminals between December and February, according to traders familiar with the arrangements.
- These purchases bring total U.S. soybean buying to nearly half of the 25 million tons the White House said Beijing committed to annually through 2028.
- Meanwhile, Trump blamed stalled progress on a potential Ukraine deal on "two people that hate each other," while diplomatic focus remains on the upcoming Washington summit.
18 Articles
18 Articles
The Independent
The Independent (US)China buys 1 million tons of US soybeans ahead of Xi Jinping visit to Washington
China has bought around 1 million metric tons of U.S. soybeans this week
The Economic Times
China buys 1 million tons of US soybeans ahead of Xi visit, sources say
China purchased approximately one million metric tons of US soybeans this week. These purchases occur as President Xi Jinping prepares for his Washington visit. Chinese state stockpiler Sinograin booked these cargoes for future shipment. This buying activity brings China closer to its annual US soybean commitment. The US Department of Agriculture also reported recent soybean sales to China.
Exclusive-China buys 1 million tons of US soybeans ahead of Xi visit, sources say
By Ella Cao and Naveen Thukral BEIJING/SINGAPORE, Sept 10 (Reuters) - China bought 14 to 15 cargoes of U.S. soybeans this week, or around 1 million metric tons, four traders told Reuters, as the world's top oilseed buyer steps up purchases ahead ...
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