Chinese officials made a surprise announcement Thursday as they concluded trade talks with the U.S., saying they plan to buy five million tons of U.S. soybeans.
The soybean market has reacted positively, but market analyst Arlan Suderman with INTLFCStone says there are questions about what the Chinese really meant.
“Is that just talking about the five million metric tons they’ve already purchased over the last couple month, or is that an additional five million metric tons,” Suderman says.
Continue reading Analyst skeptical of additional Chinese soybean purchases at Brownfield Ag News.
