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Market Chatter: China Increases US Soybean Imports

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China has increased imports of soybeans from the U.S., with state-owned importer Cofco booking at least six cargoes of the crop for loading between September and October, Bloomberg reported Tuesday, citing people familiar with the matter.

The U.S. Department of Agriculture said in June that China committed to purchasing 200,000 tons of soybeans from America, according to the report.

Both COFCO and the USDA did not immediately respond to requests for comment from.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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