Is China Buying Soybeans Yet?

December 6, 2018 02:55 PM
 
 

So how soon will we see U.S. ag start flowing again to China?

Bloomberg News reporting Chinese officials are preparing to restart those imports and specifically U.S. soybeans and liquefied natural gas.
If true, it backs up a statement released over the weekend from the White House that China had agreed to start buying some U.S. products immediately. U.S. traders, however, say they're yet to see evidence any buying has taken place.

President Trump retweeting portions of the Bloomberg report on Wednesday. Bloomberg also reporting that it's not clear whether China would cut the tariffs it imposed on soybeans when those buys happen. Chinese imports of American soybeans fell a whopping 95% in October.

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Comments

 
Spell Check

farmer
st. paul, MN
12/7/2018 05:01 PM
 

  So what that happens every year. the chinese have bad infrastructure for their storage so they have no product on hand. they usually buy from us then when it gets to port there is a disease or something wrong and buy it for a song anyway, who really wants to deal with dishonest countries. we cant support the whole world anyway. besides the countries they will buy it from are buying it from us and selling it to them.

 
 
Phil
Macon, IL
12/7/2018 05:06 PM
 

  That’s exactly why they agreed to the truce. They don’t need our beans. Gives South America more time to clear land to grow more beans. Thanks mr president for getting rid of a customer.

 
 
Kevin
Montfort, WI
12/7/2018 10:21 AM
 

  No. South American beans will be available in couple of weeks. If I was a betting man I would say they will hold out and snub the US. MSAGA!

 
 
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