Exclusive: Before trade negotiations, China makes the largest purchases of soy in the United States since June – traders

CHICAGO (Reuters) – Chinese importers bought at least 10 shipments of US soybeans on Thursday, their largest purchases since at least June, traders said, ahead of the high-level talks to end trade talks. a longer bilateral trade war a year.

Soybean purchases totaling at least 600,000 tonnes are expected to be shipped from October to December at US export terminals in the Pacific Northwest, two informed traders said.

Purchases were another sign that trade tensions between Washington and Beijing could ease after reaching a low point last month when China suspended all purchases of US agricultural products in response to President Donald Trump's threats. to impose more tariffs on Chinese products.

Soybean exports from the United States to China, the world's largest buyer, fell during the fierce conflict. Heavier stocks have pushed prices down to near-decade lows and US farmers are struggling to generate profits.

The benchmark future benchmark for the Chicago Board of Trade's Sv1 soybean reached its highest level in a month on Thursday.