Chinese importers returned to the U.S. soy market on Tuesday for their second round of purchases since the two countries agreed to a truce in their trade war, four traders with knowledge of the deals and the U.S. Soybean Export Council said.
Reuters reports the purchases are the latest evidence that China is making good on pledges to buy U.S. agricultural goods as part of the 90-day trade detente agreed to by U.S. President Donald Trump and his Chinese counterpart, Xi Jinping.
One trader said Chinese state-owned companies bought 15 cargoes, or about 900,000 tonnes, on Tuesday for shipment from January to March, deals that would be worth more than $300 million.
