Relief – and caution – as China resumes US soybean purchases

American soybean farmers got some rare good news on Wednesday just hours before a high-stakes meeting between Chinese President Xi Jinping and US President Donald Trump when news broke that Beijing had placed its first order after months of trade tension that saw shipments blocked.

The Trump administration hailed the move as a “positive step forward” for farmers, touting the “America first” leader’s deal-making prowess. US growers, meanwhile, called the purchase “encouraging” and said they’re hoping for a lasting deal that brings real relief to the heartland.

“Today’s purchase by China of multiple ships of American soybeans signals @POTUS’ strong dealmaking and a positive step forward for our farmers,”, US Agriculture Secretary Brooke Rollins posted on social media.

She added that the purchase coming “directly” ahead of the sit-down, which is scheduled on the sidelines of the Asia-Pacific Economic Cooperation in South Korea on Thursday morning, shows that “American means business, that we will restore balance”.

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Soybeans: China’s new bargaining chip in trade war with US?

Soybeans: China’s new bargaining chip in trade war with US?

“This is huge,” said David Burrier, a third-generation farmer from Maryland. “This is absolutely what we were hoping … we are encouraged, honestly.”

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