Chinese Purchases Likely to Pick Up Steam in 4th Quarter as It Tries to Fulfill Trade Commitments

USTR Robert Lighthizer told Congress China had bought about $10 billion of US agricultural goods, well short of the $36.5 billion phase one commitment. Analysts note that export sales are running counter-seasonally higher and that China would need heavy purchases in the fourth quarter.

Soybeans could account for 60% or more of the purchases.