China buys more US soybeans, total purchases approach 10 million tons
www.reuters.com

... China's total purchases from the latest U.S. crop were now estimated at 8.5 million to nearly 10 million tons, according to traders and analysts, representing up to 80% of the 12 million metric tons that U.S. Treasury Secretary Scott Bessent said China pledged to buy by the end of February.

"There were more U.S. cargoes bought by Sinograin and total purchases are very close to 10 million tons," said one of the traders with direct knowledge of the deals. "We think China will buy a couple of million tons more to meet the target."

On Tuesday morning, the U.S. Department of Agriculture reported private sales of 336,000 metric tons of soybeans to China for shipment in the 2025/26 season that ends on August 31, bringing China's total confirmed purchases since October to nearly 6.9 million tons.

In addition, a sizeable share of the roughly 3 million tons in sales confirmed by the USDA to undisclosed buyers is thought to be to China. ...