China Slows Down Soybean Purchases Ahead of Xi-Trump Summit (1)

Chinese buyers are holding back on soybean deals as global markets wait for a meeting between US President Donald Trump and Chinese President Xi Jinping that could revive trade in the crop between the two nations.

Purchases have stalled for near-term shipments due to rising costs and deepening losses at crushers, according to people familiar with the matter. Traders and farmers are now watching for a possible trade deal that may reshape Chinese buying of the oilseed, said the people, who asked not to be named as they’re not authorized to speak to media.

At current prices, crushers in China ...