China’s state-owned COFCO held a soybean procurement signing ceremony on Thursday morning, the head of a Chinese agriculture business association told a U.S.-China forum. Cao Derong, the president of the China Chamber of Commerce for the Import and Export of Foodstuffs, Native Produce and Animal By-Products, made the comment at the U.S.-China Agricultural Trade Cooperation Forum, which is taking place in Shanghai as part of the China International Import Expo. He did not give provide details about the signing ceremony, such as how much was purchased or the identity or nationality of the seller. “China-U.S. bilateral trade has gone through many twists and turns and is now able to proceed normally again,” he said, adding there was “light at the end of the tunnel.” COFCO did not immediately respond to a request for comment. The White House said after a meeting between Chinese President Xi Jinping and U.S. President Donald Trump in South Korea that China would purchase at least 12 ...