China Keeps Buying US Soy in Surprise Move After Trump’s Win
- Chinese state firm is buying US supplies for inventories
- China won’t rely 100% on Brazil soy, strategist says
American exporters sold 132,000 metric tons of soybeans to China in the 2024-25 marketing year.
Photographer: Mauricio Palos/BloombergThis article is for subscribers only.
China is continuing to buy US soybeans, confounding some traders who had expected the flow of shipments to slow down ahead of a potential trade war between both countries.
A Chinese state buyer picked up at least eight cargoes last week to build national reserves, according to traders familiar with the sales. Sales equivalent to about two cargoes were also concluded this week, the US Department of Agriculture said in a statement on Wednesday.