China’s COFCO buys first U.S. soybeans from 2025 harvest ahead of Trump–Xi meeting - report

[Soybeans At Sunset]
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* China’s state-owned COFCO has reportedly bought three U.S. soybean cargoes this week, the country’s first purchases from this year’s U.S. harvest ahead of this week’s summit of leaders Donald Trump and Xi Jinping.
* COFCO purchased about 180,000 metric tons of soybeans for December and January shipment through Pacific Northwest port terminals, _Reuters _reported.
* Benchmark Chicago soybean futures prices jumped this week to their highest in 15 months, rebounding from recent five-year lows on hopes for a U.S.-China trade deal.
* Soybeans have been a flashpoint in the trade dispute since China, the world’s largest buyer of the oilseed, sharply reduced imports from the U.S. and turned to South America for supplies. The shift has hurt American farmers, who have urged Washington to restore access to their biggest export market.

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