China buys about 1 million tons of U.S. soybeans ahead of Xi visit

  • China bought 14 to 15 U.S. soybean cargoes ahead of Xi Jinping’s Washington visit.
  • About 1 million metric tons were booked for shipment from December through February.
  • Sinograin’s purchases bring China near half of its annual 25-million-ton commitment.

China bought 14 to 15 cargoes of U.S. soybeans this week, totaling about 1 million metric tons, as Chinese state stockpiler Sinograin increased purchases ahead of Chinese President Xi Jinping’s visit to Washington later this month. The cargoes are scheduled to ship from U.S. Gulf terminals between December and February, bringing China’s U.S. soybean buying to nearly half of the 25 million tons the White House said Beijing had committed to purchase annually through 2028. The USDA separately reported 340,000 tons of U.S. soybean sales to China and 100,000 tons to unknown destinations. The purchases come as Chinese processors face tighter Brazilian supplies, U.S. tariffs and weak processing margins, keeping agricultural trade in focus before the visit.

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