China Grain Purchases Remain Steady After Concerns over U.S. Visit to Taiwan

A contentious visit from U.S. House Speaker Nancy Pelosi to Taiwan had the potential to strain critical ongoing relationship development with China. However, it appears U.S.-Chinese relations have not been further affected due to the visit, as the Southeast-Asian country has continued purchasing U.S. agricultural products. While the U.S. relationship with China has been waning for several years, primarily due to the retaliatory tariffs implemented in 2018 under former President Trump, China has not adjusted its export logistics recently to purchase less from U.S. producers.

November soybeans were up $.28 after last week’s Tuesday visit, following steep losses from Chinese demand concerns. The country has purchased at least 262,000 tons of U.S. soybeans and 133,000 tons of U.S. corn since the Taiwan visit.

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