After he met with Chinese President Xi Jinping at a regional economic summit in South Korea, the White House said Beijing committed to buying at least 12 million metric tons of U.S. soybeans during the final two months of 2025 and buying at least 25 million tons annually in 2026, 2027, and 2028.

That’s after China hadn’t placed any orders for U.S. soybeans this harvest season amid the trade war with Trump, creating panic among farmers who had relied on the world’s second largest economy as their top export market.

Arlan Suderman, chief commodities economist at StoneX, said in a note on Tuesday the latest data from China “provided no evidence to support the notion that there will be a substantial increase in state purchases to meet the 12 million metric ton commitment for calendar year 2025 as stated by the White House.”

China’s soybean processors have purchased about 40 million tons from South America this season and “have zero financial incentive” to buy more U.S. soybeans, he added.

Such purchases would have to come from state buyers for China’s reserve, but there’s very little indication that they are on track to buy 12 million tons by year’s end or 25 million next year, Suderman warned.

https://fortune.com/2025/11/14/us-soybean-farm-economy-crisis-us-china-trade-deal-trump-xi-summit/

Posted by humbleObserver

2 comments

  1. The same thing happened last time. Trump hastily struck a deal heavily in China’s favor in return for promises that China would take, just in time for Trump to brag about it before the election. China never fulfilled those terms, and Trump’s supporters never bothered to learn just how much Trump screwed over America.

    Although, to be fair, China did the same to Clinton, not bothering to fulfill the promises it made in return for being accepted into the WTO. Or the promises it made to respect Honh Kong’s independence for 50 years under “One Country, Two Systems.”

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