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19.11.25 - 05:06
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Beijing Jumps Back Into US Soybean Market, Snaps Up 20 Cargo Loads After Abrupt Pause (ZeroHedge)
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Beijing Jumps Back Into US Soybean Market, Snaps Up 20 Cargo Loads After Abrupt Pause
After the Trump-Xi trade agreement cooled the tit-for-tat tariff war and opened the door for a more stable phase of negotiations, we've been tracking a series of agricultural twists and turns that can only be viewed as a rollercoaster ride:
'Signatures As Soon As Next Week': U.S.-China Deal Close, Bessent Unveils Major Victory For American Farmers
China Boosts U.S. Soybean Purchases Following Trump-Xi Trade Talks
Then this.
China's Purchases Of U.S. Soybeans Abruptly Stops
Now we've come full circle after Bloomberg reported Tuesday that China has returned to the U.S. soybean market, purchasing nearly a million tons, or about 20 cargo ships worth, for December and January delivery.
Traders told BBG that state-owned giant Cofco made the purchases from both Pacific Northwest and Gulf Coast ports. As we've previously reported, these purchases end the one-week pause in buying and signal...
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