Trump Urges China to Massively Step Up Soybean Purchases

US-China Trade Relations - The US-China trade agreement status is uncertain, but a potential agreement exists [1] - The US is urging China to increase US soybean purchases [1] - Increased soybean purchases could facilitate the rollover of the US-China trade truce [2] - China has been diversifying soybean sources, but can easily purchase from the US at a good price [3] - Increased trade could strategically improve relations in anticipation of a potential Xi Jinping and Donald Trump meeting later this year [4] - China meeting the US halfway on soybean purchases is seen as an easy win [5] Soybean Market Dynamics - US farmers are approaching soybean harvest season with a large supply to sell [2] - China needs to buy a lot of soybeans [3] - Soybean purchases are beneficial for US farmers and businesses [4]