China buys more US soybeans ahead of Xi Jinping's expected visit

China has purchased at least 10 additional cargoes of US soybeans, according to three Asian traders. These purchases are part of a larger commitment made by China to buy 25 million tonnes of US soybeans annually, a commitment reportedly discussed during recent trade talks with the White House. This news is viewed positively by US agricultural representatives, who see it as an indication of China's adherence to its purchase agreements. AI

RANK_REASON Significant trade deal between two major global economies. [lever_c_demoted from significant: ic=1 ai=0.0]

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• Chicago
• China
• Mike McCranie
• Sinograin
• South Dakota
• soybean
• US
• US Soybean Export Council
• White House
• Xi Jinping

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