The US announces that China will purchase 12 million tons of US soybeans

Updating the scenario of rapprochement between China and the United States, the American Secretary of the Treasury, Scott Bessent, stated that the Asian country has agreed to purchase 12 million tons of North American soybeans during the current season. The announcement comes after the meeting between the presidents of the two countries, which signaled a resumption of trade dialogue. According to information from the consultancy Safras & Mercado, the purchases should occur until January. In addition, China also committed to acquiring 25 million tons per year over the next three years, as part of a broader trade agreement with Washington. Bessent added that other Southeast Asian countries have agreed to buy an additional 19 million tons of American soybeans, although he did not specify the period in which these acquisitions will be made. In the Chicago Board of Trade (CBOT), the market reacted positively to ...