China Purchases First Cargoes of US Soybeans This Season

China has bought at least two cargoes of US soybeans, its first known purchase this season, which may mark a revival of flows as part of a wider settlement expected to be agreed between the two biggest economies this week.

The shipments are booked for loading and possible delivery later this year, according to people familiar with the matter. They asked not to be named as they are not authorized to speak to media.

Chinese and US officials reached a broad framework agreement over the weekend in Malaysia, paving the way for Chinese leader Xi Jinping and US President Donald ...