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China Is Said to Return to U.S. Soy With 2 Million-Ton Buy

  • First deals since USDA said China to buy 10 million tons more
  • Shipments are said to be through Pacific Northwest, U.S. Gulf
Operations During A Soybean Harvest As Crop Price Fluctuates
Photographer: Daniel Acker/Bloomberg
Updated on

China is back in the U.S. market to buy soybeans, registering its first purchases of American-grown oilseed since its latest commitment was announced last month.

Chinese groups bought about 2 million metric tons, according to people familiar with the transactions. That’s the first sale since U.S. Agriculture Secretary Sonny Perdue announced Feb. 22 that China had pledged to buy an additional 10 million tons. China is making good-faith gestures as the world’s two largest economies negotiate an end to their trade war.