BREAKING: China Returns to U.S. to Buy more Soybeans

December 18, 2018 11:54 AM
 
Traders suggest China has returned to buy more cargoes

Soybean traders in Chicago are reporting that China is back in the U.S. soybean market. New reports indicate an unknown quantity has again been sold to China.  So far, the U.S. has confirmed buys of 1.5 MMT to the Asian nation since Presidents Trump and Xi Jinping agreed to a trade truce during the G20 summit in Argentina. 

Soybean markets are on the rise at mid-day. Nearby contracts are up about $.04 cents and soybean meal is also higher.

AgDay-TV continues to work to confirm the size of the this newest purchase. 

 

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Comments

 
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Christine
Pingree, ID
12/18/2018 12:52 PM
 

  This is great for both countries. China is our number one buyer of our soybeans. This will help both of us.

 
 
Christine
Pingree, ID
12/18/2018 12:50 PM
 

  This is great. China is our number one seller of soybeans and they need it badly. Good for our country and good for theirs. Let’s hope it goes further then that.

 
 
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