China Buys US Soybeans After Declaring Ban on American Farm Goods

China Buys US Soybeans After Declaring Ban on American Farm Goods
Soybeans fall into a bin as a trailer is filled at a farm in Buda, Illinois, U.S. on July 6, 2018. Daniel Acker/Reuters
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CHICAGO—China snapped up a small volume of U.S. soybeans last week after pledging to halt purchases of American farm products due to the escalating trade war between Washington and Beijing, U.S. Department of Agriculture data showed on Aug. 22.

The world’s largest soybean importer struck deals from Aug. 9 to 15 to buy 9,589 tonnes for delivery in the current marketing year and 66,000 tonnes, approximately one cargo, for the next year, the data showed.