Chinese firms purchase 260,000 tons of US soybeans

Chinese state-owned companies have booked approximately 260,000 tons of American soybeans, spanning four shipments scheduled for loading in December and January, as part of Beijing’s commitment to purchase at least 25 million tons of soy annually until 2028. This move comes ahead of a highly anticipated summit between U.S. President Donald Trump and Chinese President Xi Jinping, and is part of the implementation of the trade truce agreed upon in October. The two sides also discussed the possibility of reducing tariffs on certain goods, such as agricultural and energy products, which could revive activity in the market ahead of the presidential meeting.

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