China snaps up 1 million tons of American soybeans in massive trade surge ahead of Xi Jinping visit to Washington
- China has procured approximately 1 million metric tons of U.
- 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.
- The recent acquisitions bring Beijing's total purchases of American soybeans to nearly half of the 25 million tons the White House said China committed to buying annually through 2028.
Unverified
- China has procured approximately 1 million metric tons of U.
- 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.
- The recent acquisitions bring Beijing's total purchases of American soybeans to nearly half of the 25 million tons the White House said China committed to buying annually through 2028.
Sources: The Independent