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China buys 1 million tons of U.S. soybeans this week

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Story summary
  • Chinese President Xi Jinping will travel to Washington this month for talks with President Donald Trump.
  • Under Secretary Luke Lindberg said China is on track to buy $17 billion of U.S. agricultural products this year.
  • Lindberg added soybean purchases will raise annual U.S. sales to $30 billion, with China meeting its 12-million-ton 2025 commitment.
  • Traders reported China bought about 1 million metric tons of U.S. soybeans this week, near half its 25-million-ton target.