{"id":589393,"date":"2026-08-11T00:18:18","date_gmt":"2026-08-11T00:18:18","guid":{"rendered":"https:\/\/www.newsbeep.com\/ie\/589393\/"},"modified":"2026-08-11T00:18:18","modified_gmt":"2026-08-11T00:18:18","slug":"china-ramping-up-us-soybean-purchases","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ie\/589393\/","title":{"rendered":"China Ramping Up US Soybean Purchases"},"content":{"rendered":"

Bloomberg\u2019s Erin Ailworth reported<\/a> that \u201cUS soybean buys by China have picked up following a summit between Trump and President Xi Jinping in May. The Asian nation has booked a number of cargoes (last) week alone, including 238,000 tons reported by the US Department of Agriculture on Friday.\u201d<\/p>\n

\u201cThat puts this year\u2019s purchases roughly a quarter of the way toward meeting what the White House has said is a commitment to purchase at least 25 million tons of soybeans annually through 2028. The administration has also said China has agreed to buy at least $17 billion of additional US agricultural products annually,\u201d Ailworth reported. \u201cTraders continue to watch for any additional policy signals from Washington and Beijing before an expected meeting between Trump and Xi in September.\u201d<\/p>\n

\"\"U.S. Army Photo by Sgt. Mikki L. Sprenkle<\/p>\n

Reuters\u2019 Naveen Thukral, Ella Cao and Karl Plume reported<\/a> that the recent purchases were made as \u201cbuyers were taking advantage of lower prices in a flurry of purchases ahead of \u200bPresident Xi Jinping\u2019s expected U.S. visit next month.\u201d<\/p>\n

\u201c\u2018These deals were mainly done by Sinograin and the main reason is a drop in prices last week. There are plans for President Xi to visit the U.S. in September so China is \u200balso trying to buy U.S. beans under its commitment made to Washington,\u2019 an Asia-based trader at \u200ban international trading company told Reuters on Monday,\u201d Thukral, Cao and Plume reported. \u201cThe companies paid a premium of $3.03 per bushel over the November Chicago Board \u200cof \u2060Trade contract for shipment from the U.S. Gulf and a $3 premium for Pacific Northwest shipments, said one source. The most active soybean contract fell 5.2% last week.\u201d<\/p>\n

Chinese Diplomat Encourages US and China to \u2018Work Together\u2019 to Better Trade<\/p>\n

Ailworth also reported<\/a> that \u201cUS President Donald Trump\u2019s trade war with China created a \u2018tortuous experience\u2019 that disrupted the flow of soybeans between the world\u2019s two largest economies, a Chinese diplomat said Friday.\u201d<\/p>\n

\u201c\u2018American farmers became a victim and bore much of the cost,\u2019 Wang Baodong, Chinese consul general in Chicago, said Friday at the Soy Connext conference,\u201d according to Ailworth\u2019s reporting. \u201c\u2018This tortuous experience once again shows that unilateralism and protectionism serve no one\u2019s interest, and there are no winners in tariff and trade wars.’\u201d<\/p>\n

\u201cWang encouraged industry representatives from China and the US to collaborate to strengthen trade between the two countries,\u201d Ailworth reported. \u201c\u2018China-US agricultural trade cannot return to the past but it can have a better future,\u2019 he said. \u2018So let\u2019s work together.’\u201d<\/p>\n

New Chinese Trade Countermeasures Being Closely Watched by US Ag<\/p>\n

AgroLatam\u2019s Marcus Ellington reported<\/a> that \u201cChina has announced a broad package of legal and trade countermeasures against the United States, signaling a tougher response to recent American restrictions while keeping diplomatic channels open ahead of the expected meeting between President Donald Trump and President Xi Jinping next month.\u201d<\/p>\n

\u201cAmong the measures announced by Beijing are the first national security investigation conducted under China\u2019s revised Foreign Trade Law, tighter export reviews for drone-related technologies, sanctions targeting several U.S. entities and the suspension of certain cooperation involving product certification,\u201d Ellington reported. \u201cAccording to analysts, the package highlights China\u2019s growing ability to respond quickly through legal and regulatory mechanisms rather than relying solely on tariffs.\u201d<\/p>\n

\u201cFor the U.S. agricultural sector, the latest developments reinforce the importance of the U.S.-China trade relationship. China remains one of the world\u2019s largest importers of soybeans, corn, sorghum, cotton and meat products, making the bilateral relationship a key factor for exporters and commodity markets,\u201d Ellington reported. \u201cAlthough the measures announced by Beijing are not directed at agricultural products, any change in trade conditions between the two countries can influence export demand, commodity prices and business planning across the sector.\u201c<\/p>\n","protected":false},"excerpt":{"rendered":"Bloomberg\u2019s Erin Ailworth reported that \u201cUS soybean buys by China have picked up following a summit between Trump…\n","protected":false},"author":2,"featured_media":589394,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[72,113,61,60],"class_list":["post-589393","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-economy","tag-ie","tag-ireland"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/589393","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/comments?post=589393"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/589393\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media\/589394"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media?parent=589393"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/categories?post=589393"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/tags?post=589393"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}