China purchases million tons of US soybeans before Xi's visit
U.S. soybean sales to China have increased significantly, with China purchasing around one million tons this week, bringing its total commitments to about half of the targeted 25 million tons annually by 2028 as part of its trade commitments. This surge comes ahead of an anticipated visit by President Xi Jinping to the United States and may include a reduction in tariffs on U.S. soybeans to bolster trade cooperation, especially amid declining global stockpiles and rising Chinese demand for oilseeds.
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