Ag News

China resumes purchases of U.S. soybeans

Chinese importers have begun buying U.S.-produced soybeans again, according to published reports. The purchases followed an agreement between President Donald Trump and Chinese President Xi Jinping on Dec. 1 to delay escalation of tariffs in the growing trade dispute between the two countries.

Reuters reported on Dec. 12 that Chinese firms had purchased 1.5 million metric tons of U.S. soybeans, worth an estimated $500 million. Additional purchases were reported on Dec. 18.