US EditionAmerican Farmers Welcome China's Promise to Buy Their Soybean but This Deal Doesn't Solve Everything
China plans to buy 12 million metric tons of U.S. soybeans by January and at least 25 million annually for three years amid ongoing cost challenges for American farmers.
- China promised to buy at least 25 million metric tons of soybeans annually for the next three years from American farmers, bringing their purchases back in line with before President Trump's trade war.
- The 12 million metric tons that China plans to buy between now and January is only about half the typical annual volume, and farmers caution this deal doesn't solve all their problems as they continue to deal with soaring prices for fertilizer, tractors, repair parts and seeds.
- China also agreed to remove all its retaliatory tariffs on American agricultural products, which should open the door for sales of other crops and beef, and resume buying U.S. sorghum.
76 Articles
76 Articles
China Commits to Future Soybean Buys
(NAFB.com) – Treasury Secretary Scott Bessent announced that China has agreed to buy 12 million metric tons of soybeans this year. Bloomberg said that’s brought some relief to American farmers pushing for resumption of trade with China, the world’s biggest soybean importer. Bessent told Fox Business that China will also buy a minimum of 25 million tons annually for the following three years. President Donald Trump said China will start buying im…
Arkansas soybean farmers will gain from deal with China, but experts warn of further challenges | Northwest Arkansas Democrat-Gazette
An agreement by China to purchase U.S. soybeans could help struggling Arkansas farmers sell their crops this year and help farmers plan for 2026, but the deal is unlikely to ease economic challenges, state agriculture sources said Thursday.
North Dakota soybean farmers hopeful as China agrees to large purchases
FARGO — After months of tense trade talks between the U.S. and China, there is a sign of hope for soybean farmers across the country. Treasury Secretary Scott Bessent said Thursday, Oct. 30, that China has agreed to buy 12 million metric tons of soybeans between now and January, along with 25 million metric tons annually for the next three years. The announcement comes after President Donald Trump met with Chinese President Xi Jinping in South …
Soybean market brightens as China resumes buying U.S. beans
LEBANON China has agreed to resume purchases of U.S. soybeans, Agriculture Secretary Brooke Rollins said Thursday during a visit to a family farm in Lebanon. This development could provide relief for Indiana farmers hit by earlier trade disputes.Agriculture contributes about $35.1 billion to Indianas economy, and the deal is aimed at helping soybean farms across the country. Rollins said China will buy 12 million tons of soybeans in the next 12 …
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