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China will commit to buy more US soy imports

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China will commit to import more U.S. soybeans during President Donald Trump’s visit to Beijing this week. This emphasises the importance of trade in farm goods even though tensions are growing between the world’s top two economies.
China is the world’s biggest importer of soybeans, and the U.S. is its second largest export supplier.
Chinese buyers will sign a letter of intent with the U.S. Soybean Export Council committing to purchasing a certain volume of soybeans.

Chinese importers said in July they would import 12.53 million tonnes of U.S. soybeans, the second largest such agreement.