China buys at least 10 more cargoes of US soybeans, traders say
China has bought at least another 10 cargoes of US soybeans, three Asian traders said on Thursday, the latest in a flurry of purchases ahead of President Xi Jinping’s expected US visit next month. State-run buyer Sinograin bought 10 to 15 cargoes on Wednesday, the traders said. At least 10 cargoes were for October-November shipment, one trader said. The deals follow trade talks between Washington…
China has purchased at least 10 additional cargoes of US soybeans, according to three Asian traders. This follows a series of recent purchases ahead of President Xi Jinping's upcoming visit to the United States. The latest purchases were made by the state-run buyer Sinograin, which acquired 10 to 15 cargoes on Wednesday. The soybeans are intended for shipment between October and November.
These deals come after trade talks between Washington and Beijing, which reportedly included Chinese commitments to buy 25 million tonnes of US soybeans annually and increase purchases of other American farm products. Sinograin, China's strategic reserve management company, has been auctioning imported soybeans to make space for new US arrivals.
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