NEWS： USDA confirms that China purchases 204,000 tons of US soybeans
please contact sales@tanchin.hk for any inquiry
The U.S. Department of Agriculture confirmed on Friday that Chinese private importers bought 204,000 tons of U.S. soybeans.
The announcement came a day after two traders familiar with the deals said that Chinese private buyers had purchased more than 600,000 tons of U.S. soybeans and would ship them between October and December. This is the largest U.S. soybean deal ever reached by Chinese private importers in more than a year.
Soybean futures on the Chicago Futures Exchange (CBOT) surged 3.3% to a one-month high on Thursday as markets hoped that these transactions heralded a thaw in the trade war between the world's two largest economies. The index CBOT-November soybean futures contract rose another 3 cents to $8.98-0.5 per bushel in early Friday morning.
Thursday's soybean trade is the largest purchases by Chinese private importers since Beijing raised US soybean import tariffs by 25% in July 2018 in retaliation for US tariffs on Chinese goods. Tariffs have risen by another 5% this month.
These transactions are seen as part of the reconciliation gesture made by both sides before the trade negotiations, lowering the temperature of their disputes and encouraging investors.
Xinhua News Agency reported on Friday that the United States has decided to adjust the tariff imposed on Chinese imports to the United States on October 1, according to the National Development and Reform Commission and the Ministry of Commerce. China supports relevant enterprises to purchase a certain amount of soybeans and pork from the United States in accordance with market-oriented principles and WTO rules from now on. For agricultural products such as agricultural products, the Tariff and Tax Commission of the State Council will levy tariffs on the above purchases and exclude them.
please contact sales@tanchin.hk for any inquiry
PREVIOUS:Bearing side cover packing Improvement
Bearings
products
- Bearing side cover packing Improvement
- Bearing anchor design on the inside of the outer edge of the bearing housing fou
- Single row cylindrical roller bearing structure with ordinary single row cylindr
- Stiffness of the support shaft supported by rolling stiffness depends on the sti
- TANCBEARING NSK Bearings 3210A size parameters
