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China Buys More U.S. Soybeans as Agriculture-Trade Woes Ease

  • Sale of almost 1.2 million tons follows deals last week
  • Cargoes are ‘important steps forward,’ U.S. export group says
Soybeans are loaded into a grain cart during harvest in Wyanet, Illinois.

Soybeans are loaded into a grain cart during harvest in Wyanet, Illinois.

Photographer: Daniel Acker/Bloomberg
Updated on

China, the world’s largest consumer of soybeans, bought American-grown oilseed for a second week after largely shunning U.S. supplies earlier this year in a trade war between the two countries.

On Wednesday, the U.S. Department of Agriculture said in a statement that exporters sold 1.199 million metric tons to China for delivery by Aug. 31. China’s Cofco said in a statement that it made two purchases.