Friday, March 29, 2019

"China buys more U.S. soybeans as trade talks kick off: traders"

From Reuters, March 28:
Chinese state-owned firms bought about 1.5 million tonnes of U.S. soybeans on Thursday for shipment in July and August, in their second major purchase of U.S. supplies this month, three traders with knowledge of the deals said.

The purchases come as U.S. and Chinese officials meet in Beijing for negotiations aimed at ending a protracted trade war between the two economic giants that has slashed U.S. commodity exports to China, most notably soybeans.

In a positive sign for the talks, U.S. officials told Reuters that China had made proposals on a range of issues that go further than before, including on forced technology transfer, a particularly large obstacle in talks thus far....MUCH MORE