All articles tagged with #us soybeans
China's purchases of US soybeans have stalled after a brief surge, with demand expected to remain low due to China's recent buying of South American beans and ongoing tariffs, raising uncertainty over whether US farmers will meet the expected export targets despite a recent trade truce.
China has committed to returning its soybean purchases from the US to regular levels over the next three years, with plans to buy at least 25 million metric tons annually, easing the impact of the trade war on American farmers.
China has purchased its first US soybean cargoes of the season, signaling a potential revival of trade flows ahead of a high-level meeting between Xi Jinping and Donald Trump, amid ongoing negotiations to ease tariffs and trade restrictions. The purchase marks a shift from previous diversification away from US soybeans due to trade tensions, but uncertainties remain regarding the volume and impact of these imports, with broader economic and strategic factors influencing China's soybean demand.
China's state-owned COFCO purchased three U.S. soybean cargoes for December-January, marking its first U.S. harvest purchase in months amid ongoing trade tensions with the U.S. and a shift towards South American suppliers. Despite the purchase, overall demand for U.S. soybeans remains subdued, with China favoring Brazilian and Argentine soybeans due to higher protein content and recent large South American purchases. The move occurs ahead of a Trump-Xi meeting, with potential U.S. soybean imports for strategic reserves possibly reaching 8 million tons.
China plans to make substantial purchases of US soybeans following recent bilateral talks, signaling a potential thaw in relations and efforts to stabilize trade, although long-term diversification strategies remain in place.
US President Donald Trump is threatening to halt Chinese imports amid ongoing trade tensions, but also hopes that China will resume buying US soybeans, especially as he prepares to meet Xi Jinping to discuss trade issues, including the Phase One deal.
The U.S. soybean industry is facing a crisis as China, a major buyer, has stopped purchasing American soybeans in retaliation for tariffs, leading to surplus stockpiles, financial losses for farmers, and concerns over falling land values.
Donald Trump has urged China to quadruple its US soybean imports to help reduce the US trade deficit and support American farmers, as the current trade truce between the US and China is set to expire, risking the reimposition of tariffs if no agreement is reached.