According to reports, China will buy soybeans from the United States for the first time this harvest season, so that the heart of U.S. Treasury Secretary Bessent can be put in the stomach, no more pain.

The reason why whether China buys American soybeans or not is linked to Bescent is not only the main figure in trade negotiations with China, but also related to his conversation in a TV program.

As we know, in the recent trade negotiations between China and the United States, the soybean issue is also one of the most important issues.

For American soybean farmers, from this year to now, China has not bought a single American soybean, but has bought a lot from Brazil and Argentina.

This makes American soybean farmers both jealous and angry. What is jealous is that soybean farmers in Brazil and Argentina have made a fortune, and what is angry is that the Trump administration has been unable to solve the problem of soybean sales. If China doesn't buy their soybeans all the time, other countries can't digest their annual output. Although Japan said a while ago that it would buy American soybeans, their demand can't solve the problem at all.

To know, the U.S. bean farmers or Trump's iron-bone supporters, now Trump because of the trade war initiated by himself, has also hurt his supporters, why not say the U.S. bean farmers are both sad and angry?

So, as a negotiating representative, one of Bessent¡¯s tough tasks is to talk well with China and solve the soya problem, otherwise the next election these bean farmers would not vote for Trump.

So, how strongly Bessent was in talks with the Chinese side in Kuala Lumpur, you can imagine.

On October 26, the two-day talks between the two sides finally ended, Bessent said the two sides reached a "very successful framework", while China's negotiating representative Li Xing Steel said that "the U.S. position is strong, China's interests are firm", which indeed reflects the arduousness of the two sides' talks.

I'm afraid that in Minister Li Chenggang's words, the soybean issue is included in the tough US stance.

Therefore, after the negotiations were over, Bessent said in an interview with ABC's "This Week" program in the United States that the pain of China's refusal to purchase American soybeans was not only for American soybean farmers, but also for him, because he himself is actually a soybean farmer.

Was the $600-million-dollar Bezent not a Wall Street hedge fund executive before he became Treasury Secretary?

In fact, what he said was true. According to the New York Times, Basent also has $2500 worth of farmland in North Dakota, mainly growing soybeans and corn, with annual income of about $1 million.

He is not too young, but he is really a bean farmer, but Besent has dual identities, both a Wall Street financier and a farmer entrepreneur facing the loess and his back to the sky. By the way, he is still a senior government official now.

According to the regulations, Bescent, who became the finance minister, must dispose of these assets within 90 years after taking office, so as to avoid the divestiture of all assets. However, up to now, Bescent has not completed the divestiture of all assets.

Besent said that he had stripped 90 percent of his assets from commercial institutions before taking office, and that the rest was mainly farmland, and that he did not make money, and that he guaranteed that he would not use his position to make money.

But no matter what, now Bessent is still a "bean farmer", participating in negotiations to let China buy U.S. soybeans, is it not to use the position to profit for himself?

Therefore, Bezent has not assumed that China does not buy U.S. soybeans, but does not cause Bezent a small loss, and of course "feels painful".

So, when talking about whether China could buy U.S. soybeans again, Bessent told reporters that he was actually a soybean farmer, and now told reporters China's situation, is to prevent him from knowing this thing, he is really feeling the pain that soybeans cannot sell out.

Bescent said that according to the current situation, China's purchase of American soybeans has been greatly reduced, almost to zero.

Speaking about the issue, Bessent did not hide his head, acknowledging that U.S. bean farmers are firm supporters of the Trump administration.

In the nine months of China¡¯s trade in purchasing U.S. soybeans this year, soybeans have actually lost billions of dollars.

In addition to the large harvest of soybeans in the United States this year, because the sale can not be sold, many of the soybeans placed in warehouses, have been covered and germinated.

According to research by North Dakota State University, 70% of the soybeans grown in the state are sold to China.

However, Bessent said that the ¡°very successful framework¡± reached with China would ease the anxiety of U.S. beef farms.

According to relevant data, from January to September this year, China imported a total of 86.18 million tons of soybeans, a year-on-year increase of 5.3%, a large range.

But please note that none of these soybeans are American.

The failure of US soybeans, the cause of the tariff war launched by Trump, is not our fault.

Although the two sides' talks in Kuala Lumpur have achieved some results, if the United States continues to fight a trade war with China in the future, the U.S. peasants, probably, will be nervous from time to time.

If China refuses to buy American soybeans again in the future, I suggest they go directly to Bescent to talk.