Economics
Trump Gets Win as Xi Makes Good on Pledge to Buy U.S. Soy
- Shipments to China are expected to occur sometime during 1Q
- Most cargoes to be shipped from Pacific Northwest: U.S. group
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China resumed buying U.S. soybeans, bringing some relief to farmers in Donald Trump’s heartland as President Xi Jinping works toward a trade deal with his American counterpart.
The giant Asian commodity importer bought 1.5 million to 2 million metric tons of American supply over the past 24 hours, with shipments expected to occur sometime during the first quarter, the U.S. Soybean Export Council said, citing unidentified industry sources.