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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.
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EXCLUSIVE: China buys 1 million tons of US soybeans ahead of Xi visit, sources say
China has bought around 1 million metric tons of U.S. soybeans this week, four traders told Reuters, as the world's top oilseed buyer steps up purchases ahead of Chinese President Xi Jinping's visit to Washington later this month.
·London, United Kingdom
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China bought about a million tons of soybeans from the United States this week, as Beijing ramps up its imports of American agricultural products ahead of an expected visit to Washington by Chinese President Xi Jinping. China has already bought nearly half of its annual soybean purchases, according to the White House.
The IndependentReposted by 
The Independent (US)
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
·London, United Kingdom
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Coverage Details
Total News Sources35
Leaning Left3Leaning Right3Center7Last UpdatedBias Distribution54% Center
Bias Distribution
- 54% of the sources are Center
54% Center
L 23%
C 54%
R 23%
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