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The Economic Times
The Economic Times

China buys 1 million tons of US soybeans ahead of Xi visit, sources say

China bought 14 to ​15 cargoes of US soybeans this week, or around 1 million metric ‌tons, ⁠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 purchases ⁠take China's ‌total US ​soybean buying ​to nearly half of ⁠the 25 million tons the White ​House said Beijing had committed ​to annually through 2028.

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