Bulker sentiment firms on China’s resumption of US soybean imports

China has reportedly hiked purchases of US soybean as a gesture during the trade war truce between Beijing and Washington, boosting sentiment in bulker markets even as the impact on physical flows remain uncertain.

Citing the US Soybean Export Council, Bloomberg reported Chinese importing firms bought 1.5-2 million tonnes of soybean with shipments expected during the first quarter of 2019.