After trade talks in U.S., China ramps up Brazilian soy purchases
CHICAGO/BEIJING (Reuters) – Chinese importers have been busy booking fresh purchases of soybeans from Brazil this week, despite the White House announcement that China had agreed to buy up to $50 billion of U.S. farm products annually during trade talks last week.
Two traders said China has booked at least eight boatloads, or 480,000 tonnes worth $173 million, of Brazilian soybeans since Monday.
By Karl Plume and Hallie Gu via Reuters