China buys about 10 cargoes of U.S. soybeans after trade talks

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China buys about 10 cargoes of U.S. soybeans after trade talks
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Chinese importers bought about 10 boatloads of U.S. soybeans on Monday following...

FILE PHOTO: A man displays imported soybeans at a port in Nantong, Jiangsu province, China April 9, 2018. REUTERS/Stringer

The deals for about 600,000 tonnes, slated for shipment from Pacific Northwest export terminals from October to December, were similar in size to a wave of buying earlier this month, two traders with direct knowledge of the deals said. Purchases of U.S. agricultural products like soybeans, the most valuable U.S. farm export, and pork are seen as key to securing a deal to end a bilateral trade war between the United States and China that has lasted more than a year.

U.S. and Chinese officials have since said that talks went well and plans for high-level talks next month remain on track.

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