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Strategies & Market Trends : World Outlook

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From: Les H10/29/2025 8:43:39 PM
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China buys US soybean cargoes ahead of Trump-Xi meet, sources say

By Ella Cao and Naveen Thukral
October 29, 20252:30 PM EDT

BEIJING/SINGAPORE, Oct 29 (Reuters) - China's state-owned COFCO bought three U.S. soybean cargoes, two trade sources said, the country's first purchases from this year's U.S. harvest, shortly before a summit of leaders Donald Trump and Xi Jinping.
As the two nations battle over trade tariffs, the lack of Chinese buying has cost U.S. farmers billions of dollars in lost sales, after they largely supported Trump in his campaigns for president.

Exclusive: China buys US soybean cargoes ahead of Trump-Xi meet, sources say | Reuters
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