00:00It's Benzinga bringing Wall Street to Main Street.
00:03China resumed buying U.S. soybeans in October after reaching a trade agreement with the United
00:07States. But purchases remain behind the targets set in the deal, according to CNBC.
00:13China had halted buying during Trump's trade war and pledged to purchase at least 12 million
00:18metric tons in the final two months of 2025. China pledged to buy 12 million metric tons
00:24of U.S. soybeans in the final two months of 2025, but has purchased only 2.85 million metric tons
00:30so far, according to USDA data compiled by NBC News. Treasury Secretary Scott Bessent said
00:35China is on track to buy 12 million metric tons of U.S. soybeans by February, while the Trump
00:41administration projected at least 25 million tons over the next three years. Trump announced $12
00:47billion in aid for farmers affected by his trade war and said the funding would come from U.S.
00:52tariff revenues. For all things money, visit Benzinga.com.
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