China reportedly purchased 12 million metric tons (MMT) of soybeans from the U.S., meeting the pledge the White House said China committed to late last year.

Bloomberg reported that Chinese purchasers met the threshold this week, citing anonymous traders. USDA data has yet to confirm those purchases, but private groups have said in recent weeks that China was well on track to meet the commitment.

A large portion of the buying was done through Sinograin, a state-owned company.

U.S. Treasury Secretary Scott Bessent said he discussed soybean purchases with Chinese counterparts in a meeting in Davos this week. Bessent told Fox Business that he encouraged China to “buy a little more” than the 25 MMT of soybeans that China has reportedly commitment to purchasing annually through 2028.

Monthly data showed that China imported a record 111.79 MMT of soybeans in 2025, mostly from South America. The deal outlined by the Trump administration is not expected to shift China’s current buying patterns, as Brazil’s soybean harvest brings more supplies online this winter.

According to Barchart, the cost of shipping soybeans from the U.S. to China remains higher than sourcing from Brazil.
—

PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS. FUTURES TRADING INVOLVES SUBSTANTIAL RISK AND IS NOT SUITABLE FOR ALL INVESTORS.