🇺🇸🇨🇳 China is buying American soybeans again, and U.S. farmers will be glad to hear it.
It’s China’s first large order since the Trump-Xi summit last month. State buyers grabbed 8-10 shiploads, somewhere around 520,000-650,000 tons, set to sail from December.
And farmers had been waiting weeks for it, after China went quiet during its big holiday.
With this order, China has now bought about 14 million tons this season, more than halfway to the 25 million tons the White House promised.
Still, it’s only state buyers doing the shopping. Private Chinese companies are sitting it out, since soybeans got left out of the tariff cuts the 2 sides agreed on.
With the midterms 3 weeks away, every shipload is going to matter in farm country.
Source: Reuters / Writer: Daniyal
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Nicholas Merten 🇺🇸 @NicholasMertenK ·
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@MarioNawfal We keep celebrating these mid-season crumbs like we didn't completely wreck the steady trade routes we spent decades building up, and now we're forced to beg for state backed crumbs







































































