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Reading: Trump commerce rep adjustments China soybean buy timeline, cites ‘discrepancy’
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Stock Market

Trump commerce rep adjustments China soybean buy timeline, cites ‘discrepancy’

Editor
Last updated: December 10, 2025 12:56 am
Editor
Published: December 10, 2025
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Trump commerce rep adjustments China soybean buy timeline, cites ‘discrepancy’


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 instructed 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 top of December because the White Home has stated, 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 buy of soybeans in current weeks was properly in need of reaching the agreed quantity by the top of the calendar 12 months.

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

Greer stated 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, based on the U.S. Division of Agriculture.

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

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

“There stays anxiousness about if and when China will absolutely comply with via on these buy commitments that have been made,” Fischer stated.

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

The very fact sheet says, “China will buy at the least 12 million metric tons (MMT) of U.S. soybeans over the past two months of 2025 and likewise buy at the least 25 MMT of U.S. soybeans in every of 2026, 2027, and 2028.”

Greer instructed 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 via the rising season,” he stated.

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

“It is not a time period that USDA means by any probability,” Glauber stated. “Does that imply at harvests or does that imply truly the top of the advertising 12 months, which is the extra widespread manner?”

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

“So I feel that’ll be February twenty eighth,” Bessent stated, throughout an interview with Andrew Ross Sorkin at The New York Instances “Deal Guide Summit” in New York.

“They’re in an ideal cadence to finish that objective,” Bessent stated, after Ross Sorkin stated information 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 Ross Sorkin cited “dangerous info.”

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Reading: Trump commerce rep adjustments China soybean buy timeline, cites ‘discrepancy’
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