China buys about 10 cargoes of U.S. soybeans after trade talks - All NEWS



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Monday, September 23, 2019

China buys about 10 cargoes of U.S. soybeans after trade talks

China buys about 10 cargoes of U.S. soybeans after trade talksChinese importers bought about 10 boatloads of U.S. soybeans on Monday following deputy-level trade talks in Washington last week that were overshadowed by the abrupt cancellation of a U.S. farm state visit by Chinese agriculture officials. Benchmark U.S. soybean futures on the Chicago Board of Trade <0#S:> jumped about 1.5% on news of the renewed buying, the market's steepest rise since Chinese buyers bought a large volume of U.S. soybeans on Sept. 12. Purchases of U.S. agricultural products like soybeans, the most valuable U.S. farm export, and pork are seen as key to securing a deal to end a bilateral trade war between the United States and China that has lasted more than a year.




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