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U.S. Confirms Small Soybean Sale to China

Private Chinese company bought 68,000 tonnes of soybeans in week ended July 25

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The U.S. Department of Agriculture on Thursday confirmed a private Chinese company bought 68,000 tonnes of soybeans in the week ended July 25, the first soybean purchase since Beijing offered to exempt five crushers from import tariffs imposed more than a year ago as part of a U.S.-China trade dispute, reports WKZO.

The private purchase was also the first new soybean purchase by China since a 544,000-tonne sale to a government buyer was announced in late June.

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