Caixin
Feb 06, 2019 11:25 AM
ECONOMY

China Back Buying More U.S. Soy Just Days After Last Spree

Soybeans imported from Brazil are unloaded in Nantong, Jiangsu province in April 2018. Photo: VCG
Soybeans imported from Brazil are unloaded in Nantong, Jiangsu province in April 2018. Photo: VCG

(Bloomberg) — China’s back buying more U.S. soybeans just days after the last round of purchases by the world’s top importer.

State-run buyer COFCO Corp. bought almost 1 million metric tons of the oilseed, while Sinograin purchased more than a million tons, the two companies said in separate statements on Tuesday. That follows an announcement on Saturday that they had purchased 2 million tons from America after officials from the two countries met in Washington for trade negotiations.

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