China Buys More Soybeans, As Trade Talks Return to U.S.

U.S. accuses Chinese official of stealing trade secrets ( MGN Online and Darrell Smith )

The U.S. trade team is back to work, as Chinese counterparts are planning on visiting Washington, D.C. to continue talks this week.

Vice Premier Liu He and his delegation plan to visit U.S. soil on Wednesday to continue the trade conversation.  This comes just days after U.S. negotiators visited Beijing in what Treasury Secretary Steven Mnuchin called in a tweet "constructive" trade talks.  The end goal to wrap up negotiations has been extended to the end of April.  Washington watchers say while it's a big week, it is not likely the end of negotiations.

On Monday, USDA announced export sales of 828,000 metric tons of soybeans for delivery to China during the 2018/2019 marketing year. It follows an announcement last week from USDA that China had purchased 816,000 mt of soybeans.  It brings the total purchase in just two buys to 1,644,000 mt.

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