China buys two-thirds of pledged U.S. soybeans as 2025 closes

China has bought at least 8 million tons of US soybeans this year, according to people familiar with the matter, putting the world’s top importer on track to meet a pledge it made two months ago as part of an apparent trade truce with Washington.

State-owned buyers have continued to book US cargoes into late December, the people said, asking not to be named as they are not authorized to discuss the purchases. That extends a buying spree that began in October and maintains a pace that has reassured American exporters...