BREAKING NEWS UPDATE: China Soybeans Buy One for the Record Books

December 13, 2018 09:37 AM
 
 

China is once again buying soybeans from the U.S. and the amount is one for the record books. The latest USDA Soybeans Export Sales Report shows China bought 1,130,000 mt of soybeans.  To put that in perspective, it's the ninth largest one-day buy in a decade.

It's also the biggest soybean purchase by China in four years. It's also the biggest soybean buy of the year, so far.

President Trump, speaking about trade with China, told Reuters this week in an interview, "They're buying tremendous amounts of soybeans.  They're back in the market...I just heard today that they're buying tremendous amounts of soybeans.  They are starting, just starting now."

Follow AgDay-TV on Facebook and Twitter for the latest on this developing story.

See the report here.

Related stories:

China Plans More U.S. Soybean Purchases Soon

BREAKING NEWS: China Makes 1st Buy of U.S. Soybeans Since Trade Truce

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Comments

 
Spell Check

Mark herrmann
Chandlerville, IL
12/13/2018 09:46 PM
 

  Farmers had over a month to sell $10.00 beans and $4.00 corn. I've never understood why a profit is not taken when offered. Making a decision is tough but procrastination is deadly. Be ready, we will have the same opportunity in 2019.

 
 
Dale Waldner
Frankfort , SD
12/18/2018 08:34 AM
 

  Trump is for America

 
 
PJ Jahn
Ptown, IL
12/15/2018 12:16 PM
 

  Small town Allan, you must really be confused. Or perhaps, you didn't like what you read, and choose to spin it into something else more to your liking??? Some people do this you know. Kind of like not liking what is real, and true. They prefer to live in some ideological fantasy of their liking. I always deal with reality, as it is. Like it, or not. As I know reality will deal with me. I was advised of this long ago by a very wise man. He was right as I found out for my self. To your disappointment, once again, I am totally non partisan on politics. I have never said that Democrats don't, or won't lie. Must be a fantasy of yours??? Matter of fact, I used to be a all righty, no more. Tht's where Ross enlightened me. Perhaps he is the reason I'm very critical of the Republicans.??? As in what they say, then don't do??? The Republicans have been in total control of the Federal Gov. for 2 years. The legislative branches prior to that. The Republicans, as being such good friends of farmers, destroyed 20% plus, of our domestic ethanol blend demand/market. They knowingly did this with the illegal, unlawful RFS/RIN waivers issued by EPA Administrator "Stealing Scott Pruitt". Who just happened to be the Phony, Lying Conman, Traitor/Trader Trump, "who fully supports ethanol, and the RFS", own favorite pick!!! It now appears that Pruitt has many unlawful ethic acts being investigated also. The in control Republicans have done absolutely nothing to correct, and rescind the illegal, unlawfully issued wavers. Chuck the Hack Grassley runs from this issue like its poison. So much for him bragging about being the big dog ethanol defender/promoter, from the largest state producer of ethanol, Iowa??? Perhaps Allen you would be concerned of this, eh??? I've been told by many that getting this corrected, and the lost market/demand back, would raise our price of corn significantly. This is only one of many issues the Republicans have avoided, ran from,and not done as they had said.

 
 

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