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China January Soybean Imports Nearly Double Versus December

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China’s imports of U.S. soybeans nearly doubled in January from the previous month as cargoes booked after a Sino-U.S. trade truce arrived in the world’s top oilseed importer, according to Chinese customs data published late on Monday.

Reuters reports China brought in 135,814 tonnes of U.S. soybeans in January, up 95% from 69,298 tonnes in December. But the figure was still down 99.7% from 5.82 million tonnes a year earlier as Beijing’s hefty tariffs on American shipments curbed purchases.

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