China buys about 10 cargoes of U.S. soybeans after trade talks

Chinese importers bought about 10 boatloads of U.S. soybeans on Monday following deputy-level trade talks in Washington last week that were overshadowed by the abrupt cancellation of a U.S. farm state visit by Chinese agriculture officials. Benchmark U.S. soybean futures on the Chicago Board of Trade <0#S:> jumped about 1.5% on news of the renewed buying, the market's steepest rise since Chinese buyers bought a large volume of U.S. soybeans on Sept. 12. Purchases of U.S. agricultural products like soybeans, the most valuable U.S. farm export, and pork are seen as key to securing a deal to end a bilateral trade war between the United States and China that has lasted more than a year.

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