New soybean orders from China aren’t showing up in trade data – yet

New York CNN Business — China did not immediately restart buying American soybeans after President Donald Trump and President Xi Jinping agreed to a temporary trade truce. President Donald Trump told Reuters in an interview Tuesday that China is “back in the market” to buy a “tremendous” amount of American soybeans. China, which was the biggest export market for American soybean farmers last year, stopped placing new orders in July in retaliation against new American tariffs. But the American Soybean Association said it would only “partially offset” the losses farmers will see this year.