Chinese crushers reportedly have 1 MMT to 1.5 MMT of soybean needs for November that are uncovered amid slow shipments from the U.S. and Brazil. That has spurred a flurry of recent Chinese buys of U.S. soybeans (at least 2.2 MMT the past two weeks). But shipping uncertainties in the U.S. along with surging replacement crush margins in China and tight supplies may curb demand. Chinese crushers are reportedly looking to actively book soybeans for November and December — if prices fall and their margins improve.
Chinese Buyers Searching for Beans
Chinese crushers reportedly have 1 MMT to 1.5 MMT of soybean needs for November that are uncovered . . .
(Farm Journal)
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