China Buys US Soybeans a Day After Trade Talks, Traders Say

China Buys US Soybeans a Day After Trade Talks, Traders Say
Acres of soybeans seen at the Pioneer-DuPont Seed facility in Addieville, Illinois U.S. on Sept. 19, 2018. Lawrence Bryant/Reuters
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Chinese state-owned firms bought at least 1 million tonnes of U.S. soybeans on Feb. 1, a day after high-level bilateral talks yielded progress toward a trade deal and a Chinese commitment to buy more U.S. soybeans.

The purchases are slated for shipment between April and July, with a large share expected from U.S. Gulf Coast export terminals, three traders with knowledge of the deals said.