China has reportedly fulfilled its US soybean purchase agreement. According to Treasury Secretary Scott Bessent, China completed its purchases of roughly 12mmt of US soybeans. The soybeans are scheduled to be shipped by May. The focus will now shift to China's pledge to purchase 25mmt of US soybeans annually over the next three years, beginning this year. However, due to more competitive pricing, Chinese buyers are expected to rely more heavily on South American supplies going forward. Additiona
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