Bessent: China is reaching ‘correct cadence’ to complete promised US soybean purchases
U.S. Treasury Secretary Bessent said he was very optimistic about the U.S. economy next year, given increased capital investments, but said interest rate cuts were needed given a weakening in certain sectors including housing.
Bessent told the New York Times Dealbook summit that China was on track to complete its commitments under a U.S.-China trade agreement, including the purchase of 12 million metric tons of soybeans, which he said would be finished by the end of February 2026.
“I will say that China is on track to keep every part of the deal, every part of the deal,” he said.
For almost 30 years of expertise in the agri markets, UkrAgroConsult has accumulated an extensive database, which became the basis of the platform AgriSupp.
It is a multi-functional online platform with market intelligence for grains and oilseeds that enables to get access to daily operational information on the Black Sea & Danube markets, analytical reports, historical data.
You are welcome to get a 7-day free demo access!!!
Read also
Palm oil prices are expected to continue rising after a short-term correction
Georgia reduced wheat imports in April
Brazilian soyabean oil exports jump 47% amid record crop and weak domestic demand
Zimbabwe plans new grain import levies to strengthen food security
Global vegetable oil production to hit record high again – USDA
Got additional questions?
We will be happy to assist!
Write to us
Our manager will contact you soon