What specific soybean purchase commitments has China made to the US following the May summit, according to the White House?

According to the White House, China has agreed to buy at least $17 billion of agricultural products and at least 25 million tons of soybeans each year through 2028 following the May summit between President Donald Trump and President Xi Jinping. Beijing has not confirmed any of these numbers.

How much US soybeans has China already committed to purchasing, and which Chinese entity is actively booking shipments?

The US Department of Agriculture reported that Chinese buyers had already committed to buying 200,000 tons of American soybeans, and state-owned firm Cofco has booked at least six cargoes of US soybeans for loading between September and October.

China Increases US Soybean Purchases as Agricultural Trade Ramps Up

Jul 6, 2026

State-owned firm Cofco has booked multiple US soybean cargoes following a summit agreement to purchase $17 billion in agricultural products annually through 2028. Soybean futures rose as both nations seek to preserve trade truce and roll back duties.

bloomberg

2026-07-06

China Increases US Soybean Purchases as Agricultural Trade Ramps Up

China Increases US Soybean Purchases as Agricultural Trade Ramps Up

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