China COFCO buys a batch of one million tons of American soybeans



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The trade war between the two ends was enough to bring China's year-round Chinese soybean exports to their lowest level since 2008, with shipments halving to 16.6 million tonnes.

However, the two countries agreed to a 90-day truce in early January, allowing China to resume its purchases.

China has offered to buy an additional 5 million tonnes of US soybeans in the latest round of trade talks, a White House official said Thursday.

However, market badysts have warned that it is unlikely that US exports to China will return to their previous levels, even though the two countries are settling their trade dispute, with China having to turn more to the United States. South America and other suppliers.

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