China’s recent buying spree continued Thursday when USDA announced another 272,000 metric tons of U.S. soybean sales to China for the 2026-27 marketing year. USDA also reported 206,500 tons sold to unidentified destinations. Those sales follow China’s purchase of approximately 1 million metric tons of American soybeans this week, according to traders interviewed by Reuters. The buying comes ahead of Chinese President Xi Jinping’s expected visit to Washington later this month and as Brazilian soybean supplies tighten. China has now purchased nearly half of the 25 million metric tons annually it committed to buy through 2028 under its agreement with Washington. The remaining 10% Chinese tariff on U.S. goods still discourages private crushers from buying American beans. Any reduction in that tariff during upcoming negotiations could produce another significant wave of soybean demand during harvest.
China continues buying U.S. soybeans ahead of Xi visit
