Chinese State Buyers Purchase 8-10 US Soybean Cargoes, First Major Deal Since Trump-Xi Summit

Chinese state-owned trading firms have purchased 8-10 Panamax cargoes of US soybeans this week, marking the first significant deals since the September summit between Presidents Donald Trump and Xi Jinping in Washington. The cargoes are scheduled for shipment from December onwards. This renewed buying follows a weeks-long hiatus, partly due to weak demand during China's National Day holiday.