Reported about 9 hours ago
China is set to make substantial purchases of US soybeans, signaling improved relations as US Treasury Secretary Scott Bessent discussed agricultural cooperation with Chinese officials in Kuala Lumpur. This move aims to stabilize ties after recent tensions, providing relief to American farmers who faced losses after China paused US soybean imports. While immediate impacts may be limited due to existing supplies in China, renewed purchases are expected as part of broader negotiations. China is likely to continue diversifying its suppliers to enhance food security.
Source: YAHOO