China Buys $67M Worth of U.S. Soybeans
Chatter among traders that additional sales are being booked
Ahead of working-level U.S.-Chinese trade talks this week, China bought $67 million worth of U.S. soybeans and said it would exempt American pork and soy from additional tariffs taking effect this month.
According to Successful Farming, President Trump said he would “rather get the whole deal done” but could be open to a mini-deal with China.
The USDA said on Friday that exporters reported the sale of 204,000 tonnes of U.S. soybeans to China. The sale was worth $67 million at current prices. There was chatter among traders that additional sales were being booked.