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Chinese State-Owned Firms Buy Eight to 10 U.S. Soybean Cargoes

The purchases were the first such deals since Donald Trump and Xi Jinping met in September. Each Panamax cargo holds about 65,000 metric tons.

A cargo ship carries soybean shipments through a U.S. grain port / TokenPost.ai
A cargo ship carries soybean shipments through a U.S. grain port / TokenPost.ai

Chinese state-owned trading firms bought eight to 10 cargoes of U.S. soybeans the week of Oct. 14, the first such deals since President Donald Trump and Chinese President Xi Jinping met in September.

Each Panamax cargo carries about 65,000 metric tons.

John Kim

John Kim reports on the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.

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