China Has Bought More Than Half the Soybeans It Promised From US
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Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000US-China Trade War:China has secured at least 7 million tons of US soybeans after heavy buying in the past two weeks, passing the halfway mark toward meeting its 12-million ton purchase agreement with the Trump administration, according to people familiar with the deals.The tally follows a wave of buying from Sinograin, the state company in charge of managing China’s strategic grain reserves. The stockpiler booked about 2 million tons from the US last week, according to the people. That has continued this week, with purchases of at least seven soybean cargoes, or more than 400,000 tons, they said.