China continues to buy American soybeans despite worsening rhetoric from President Donald Trump over Hong Kong.
According to a report at Yahoo Finance, state-run and private buyers have purchased at least 10 cargoes this month, with three being sold overnight, according to people familiar with the matter, who asked not to be named because the deals are private.
China will need the supply and U.S. prices are attractive for cargoes delivered after the harvest.
The chief financial officer of Archer-Daniels-Midland Co. said the phase one deal is still “on track.”
