Ahead of Trump-Xi meeting, USDA announces huge soybean sale to China
The U.S. Department of Agriculture on Friday reported a large soybean sale to China.
According to Reuters, it's a surprise deal that comes just ahead of a meeting at the G20 summit between U.S. President Donald Trump and Chinese President Xi Jinping.
The USDA said Chinese importers bought 544,000 tonnes of U.S. soybeans for shipment in the 2018/19 marketing year which expires in August.
China’s hog herd consumes most of the soybeans processed by the world’s largest pork market.