Dry-bulk shippers are watching to see when Beijing will resume purchases of US soybeans amid China-US trade talks, said Genco Shipping & Trading Ltd. Chief Executive Officer John C. Wobensmith.
“It seems like no doubt there will be a deal on the soybean front,” Wobensmith said on Bloomberg Television. “The question is, do they buy soybeans this year or do they push it off until next year because of the stockpiling done.”