Create a free Feed & Grain account to continue reading

U.S. Officials Want Proof of Chinese Soybean Purchases

Two Chinese grain buyers were given green light to purchase 5M tons of soybeans

File Photo
File Photo

Recent trade discussions yielded good news for U.S. soybean growers when at least two Chinese grain buyers were reportedly given the green light to purchase five million tons of soybeans. AgWeb reported on Friday, however, U.S. officials are asking for proof of those purchases.

Earlier reports indicated China would begin purchasing soybeans from the U.S. ‘immediately,’ but experts say that’s a strong word and it’ll likely take a little more time. But, U.S. officials aren’t waiting around for China to change its mind.

"We were told ... a top U.S. official [from a source who asked to remain anonymous] involved in the U.S.-China talks was calling some U.S. grain companies to ask if China was purchasing grain,” says Jim Wiesmeyer, Pro Farmer Washington Analyst to John Herath on the DC Signal to Noise Podcast.

Read the full report at AgWeb.

Page 1 of 282
Next Page