The Chinese government is in discussions with state and privately owned soybean buyers over a plan to raise purchases of U.S. supplies, according to people familiar with the situation.

Corn prices have been on an epic run. Now, soybeans could soon be catching up.

Chinese state soybean buyers asked U.S. exporters to delay cargoes scheduled for July loading into August, citing limited availability of storage capacity, according to people with knowledge of the situation.