China's Soybean Surge: U.S. Exports Soar Amid Thaw in Trade Relations

China has ramped up its purchase of U.S. soybeans, securing at least 10 cargoes since Tuesday. This follows an improvement in U.S.-China trade relations. Scheduled shipments will occur in January from the U.S. Gulf Coast and Pacific Northwest. Traders report varying estimates of volume between 10 to 15 cargoes.

China has intensified its acquisition of U.S. soybeans, with at least 10 cargo bookings made since earlier this week, according to reports from two industry insiders. This surge occurs amid a positive shift in the trade dynamics between the United States and China.

Market sources stated that all these shipments are slated for dispatch in January from key logistical hubs along the U.S. Gulf Coast and the Pacific Northwest regions.

Estimates on the total number of cargoes purchased vary slightly; one trader suggests 12, whereas another places the figure between 10 and 15. This development marks a significant step in restoring the agricultural trade relations between these economic giants.

(With inputs from agencies.)