What is China's potential new soybean purchase amount from the US?

China is reportedly considering increasing its soybean purchases from the U.S. to 20 million tons for the current marketing year.

How are US soybean futures reacting to China's potential purchase?

Most-active soybean futures have surged 2.4% to approximately $10.92 a bushel, reaching a nearly two-month high.

Will China's potential purchase help US farmers?

Yes, this potential increase in demand could provide a significant boost to U.S. farmers who struggled with low prices and unprofitable acres last year.

Home / Business and Economy / China May Buy 20 Million Tons More US Soybeans

China May Buy 20 Million Tons More US Soybeans

5 Feb

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Summary

China is considering purchasing an additional 20 million tons of U.S. soybeans.
This potential deal could significantly aid struggling American farmers.
Soybean futures surged to a near two-month high following the news.

China May Buy 20 Million Tons More US Soybeans

Soybean futures experienced a significant rise after President Trump revealed that China is contemplating an increased purchase of U.S. agricultural exports. Specifically, discussions involved elevating soybean imports to 20 million tons for the current marketing year.

This potential boost in demand comes as a welcome development for American farmers, who endured a challenging year marked by low commodity prices and unprofitable acreage. Previously, in October, China had committed to purchasing 12 million metric tons of U.S. soybeans through the 2025-2026 marketing year.

Most-active soybean futures on the Chicago Board of Trade climbed 2.4%, reaching approximately $10.92 per bushel. This marks the highest price point observed in nearly two months, reflecting renewed market optimism.