China Can Still Meet US Soybean Pledge, Traders Say (2)

China is expected to step up US soybean purchases to meet a pledge to buy at least 12 million tons by the end of the year, according to multiple traders, underscoring a wider market hope that — at least in agriculture — a fragile trade truce can hold.

State-owned importers including Cofco will take more shipments in the coming weeks, said traders from commercial and state buyers, who asked not to be named as they are not authorized to speak with the media. Those volumes will help China fulfill commitments made in late October, they added, though the timing and ...