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China Trade-Deal Splurge Includes Rare Purchase of U.S. Soyoil


Photographer: Carlos Javier Sanchez/Bloomberg

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China’s shopping spree of U.S. agriculture goods has extended to a rare purchase of soybean oil.

The Asian nation is the world’s top soybean importer and crusher. That’s why a sale of 20,000 metric tons of U.S. vegetable oil that was announced Thursday is a bit of an outlier. It’s the biggest such deal since November 2016.