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China's December US Soybean Imports Soar

China bought 44 times the amount of soybeans in December compared to a year ago

Soybeans

China’s imports of U.S. soybeans surged in December from a year earlier, data showed on Friday, as China ramped up purchases during a thaw in the two country’s trade war, reports Reuters.

China brought in 3.09 million tonnes of soybeans from the United States in December, 44 times the level a year ago, data from the General Administration of Customs showed.

The figure was also up from 2.56 million tonnes in November, after some delayed cargoes cleared customs, but was still shy of the six million-plus levels for U.S. December imports to China in 2017 and earlier years.

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