China Buys More US Soybeans, Record Volume of Pork Ahead of Trade Talks

China Buys More US Soybeans, Record Volume of Pork Ahead of Trade Talks
Soybeans sit in a truck as they are loaded at the Ruff Brothers Grain elevator in Leonore, Illinois, U.S. on July 6, 2018. Daniel Acker/Reuters
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CHICAGO—Chinese importers stepped up purchases of U.S. agricultural goods ahead of high-level trade talks in Washington, including another wave of soybean deals and the country’s record largest weekly purchase of American pork, U.S. data showed on Oct. 10.

Private exporters sold 398,000 tonnes of U.S. soybeans to China, the Department of Agriculture (USDA) reported via its daily sales reporting system that tracks large purchases. It was the second daily “flash sale” of soybeans this week to the world’s top soybean importer.