The White House said immediately after talks between US President Donald Trump and Chinese counterpart Xi Jinping that China had pledged to buy at least 12 million tonnes of US soybeans by the end of this year. The return of Chinese buyers is welcome news for US exporters, and a reminder that buying patterns can change fast — but it is not yet a full reset. “We cannot confirm from China’s side that anything beyond the 12 million tonnes has been pledged,” said Ben Buckner, grains and dairy analyst at AgResource Co. The brokerage wrote in a note this week that China was seeking shipments and could reach a “soft target” of 10 million tonnes in 2025, with an additional two million tonnes in January. “From our vantage point, once you quantify that they’re going to buy 12 million tonnes, you need something in excess of that to get everyone excited,” Bennett, co-founder of farm advisory AgMarket.Net, said in a phone interview.

Source: The Edge Markets December 31, 2025 04:36 UTC