Soybean counters: scope of China-US farm deal depends on math, analysts say

China’s purchase of “double-digit billions” in American agricultural products touted by US officials following President Donald Trump’s state visit to Beijing appears to be a marginal addition after factoring in previous commitments, analysts said, adding that new orders could reduce the country’s reliance on Brazil for Soybeans and other items.US Trade Representative Jamieson Greer said on ‌Friday that he expects to see China buy a 10-figure sum in agricultural products annually over the next three years, including Soybeans and other unspecified items, but most of this estimate appears to be based on earlier soybean purchase agreements.Per the White House, China had already agreed to buy at least 25 million tonnes of Soybeans annually from the US from 2026 to 2028 following a summit between the two countries’ leaders in Busan, South Korea last autumn. This, according to data for previous shipments from the US Department of Agriculture (USDA), would meet that estimate on its own.