China Plans More U.S. Soybean Purchases Soon
- Cofco, Sinograin to buy cargoes through global trading houses
- Orders will follow the 1.5-2m tons that China bought earlier
This article is for subscribers only.
China’s state stockpiler Sinograin and its top food company Cofco will buy more U.S. soybeans as soon as Thursday, according to people with direct knowledge of the plan.
The purchases may be made as soon as tonight in Asia, said the people, who asked not to be identified because the information is confidential.