Overview
- An industry official told a U.S.-China forum that state-owned COFCO held a soybean procurement signing ceremony, though the volumes and sellers were not disclosed.
- The White House says China committed to buy at least 12 million tonnes of U.S. soybeans in the final two months of 2025 and 25 million tonnes annually for the next three years, but Beijing has not confirmed those figures.
- China announced a suspension of some retaliatory tariffs on U.S. farm goods, yet U.S. soybeans still face a 13% duty after a 10-point cut to additional levies.
- Market participants report China purchased about 120,000 tonnes of U.S. wheat for December shipment and resumed sorghum buying, actions seen as signaling renewed engagement.
- Beijing’s negotiators urged the U.S. to help create a favourable atmosphere for agricultural cooperation and said future deals will follow market principles on price, quality and supply.