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Home»World»Trump commerce rep adjustments China soybean buy timeline
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Trump commerce rep adjustments China soybean buy timeline

Buzzin DailyBy Buzzin DailyDecember 10, 2025No Comments4 Mins Read
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Trump commerce rep adjustments China soybean buy timeline
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US Commerce Consultant Jamieson Greer testifies throughout a US Senate Appropriations Subcommittee on Commerce, Justice, Science, and Associated Companies listening to on 2026 funding priorities, on Capitol Hill in Washington, DC, Dec. 9, 2025.

Saul Loeb | AFP | Getty Photos

U.S. Commerce Consultant Jamieson Greer informed a Senate Appropriations subcommittee on Tuesday that the deadline for China to purchase 12 million metric tons of soybeans from American farmers was not the tip of December because the White Home has mentioned, however the finish of the “rising season.”

Greer’s remark on the listening to got here on the heels of a report by NBC Information exhibiting that the tempo of China’s purchases of soybeans in current weeks was properly in need of reaching the agreed quantity by the tip of the calendar yr.

China, which in October agreed to finish its monthslong boycott of American soybeans amid a commerce warfare, so far has purchased solely about 3 million metric tons, the commerce consultant informed members of the Agriculture, Rural Improvement, Meals and Drug Administration, and Associated Companies Subcommittee.

Greer mentioned there was a “discrepancy” in what the White Home has described because the deadline and the precise deadline for the purchases to be accomplished.

The newest rising season for soybeans led to November, in line with the U.S. Division of Agriculture.

CNBC has requested Greer’s workplace whether or not there’s a onerous or tough deadline for China to achieve 12 million metric tons of purchases, as agreed to as a part of a commerce cope with President Donald Trump in October.

Greer’s disclosure got here in response to a query by Sen. Deb Fischer, R-Neb.

“There stays nervousness about if and when China will totally observe by on these buy commitments that have been made,” Fischer mentioned.

She famous that the White Home truth sheet on the commerce deal mentioned China would buy 12 million metric tons by the tip of the calendar yr — contradicting current feedback from Greer.

Learn extra CNBC politics protection

The very fact sheet says, “China will buy no less than 12 million metric tons (MMT) of U.S. soybeans over the last two months of 2025 and in addition buy no less than 25 MMT of U.S. soybeans in every of 2026, 2027, and 2028.”

Greer informed Fischer, “It’s for this rising season, so, thanks for highlighting that.”

‘”We have heard from a pair farmers, they wished to learn about that discrepancy, and it’s a discrepancy, it is by the rising season,” he mentioned.

Joe Glauber, a former U.S. Division of Agriculture chief economist throughout the Obama administration, informed CNBC in an interview he does not know what the administration means when it refers back to the rising season.

“It isn’t a time period that USDA means by any likelihood,” Glauber mentioned. “Does that imply at harvests or does that imply really the tip of the advertising and marketing yr, which is the extra frequent method?”

Treasury Secretary Scott Bessent final week mentioned he anticipated China to achieve the 12 million metric ton mark by “the tip of the season.”

“So I feel that’ll be Feb. 28,” Bessent mentioned, throughout an interview with Andrew Ross Sorkin at The New York Occasions DealBook Summit in New York.

“They’re in an ideal cadence to finish that objective,” Bessent mentioned, after Sorkin mentioned knowledge from the U.S. Division of Agriculture as of Nov. 14 confirmed that China had solely bought 330,000 metric tons.

Bessent known as the determine Sorkin cited “unhealthy info.”

Glauber mentioned the advertising and marketing yr for soybeans is September, when the soybeans are harvested and able to promote, by August of the following yr. China could be extra prone to hit shopping for targets from the U.S. by subsequent August, since Brazil dominates the soybean market within the early months of the brand new yr that coincides with its harvest season and low cost costs. The U.S. usually exports extra to China later within the yr, when its soybeans are cheaper.

However that is a far longer time than the preliminary two-month window the White Home pitched when it introduced the China framework.

“That is a very long time,” Glauber mentioned. “This isn’t any form of instant reduction.”

CNBC has requested the USDA for touch upon Greer’s remarks.

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