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Exclusive-China buys 1 million tons of US soybeans ahead of Xi visit, sources say

  • China bought about 14–15 cargoes — roughly 1 million metric tons — of U.S. soybeans this week.
  • The purchases were booked by state stockpiler Sinograin for shipment from U.S. Gulf ports between December and February.
  • The buying brings China close to half of the 25 million tons a year it pledged to buy from the U.S. through 2028, and comes ahead of President Xi’s visit to Washington.
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