Chinese imports of U.S. soybeans surged almost three-fold in October on a year-on-year basis, Reuters re­­ported last week, as cargoes booked following a Phase 1 trade deal between the United States and China arrived in the country.

The world’s top buyer of soybeans brought in 3.4 million metric tons of the oilseed from the United States in October, up 196.4% from 1.147 million metric tons a year ago, data from the General Administration of Customs showed.

Chinese importers reconsider soybean buys

While shipments swelled in October, some Chinese...