The market was able to bounce back from losses after the reopening after USDA announced Tuesday morning private exporters sold 132,000 metric tons to China for new crop delivery.
Pro Farmer reports new-crop sales last week rose to 1.38 MMT with China buying more than 1 MMT.
According to new data, Chinese soybean imports jumped 40% compared to the previous month, but it's not the U.S. where China is placing the most buys.
Reports swirled on Monday that China was lashing back at the U.S. by temporarily halting purchases of U.S. pork and soybeans. However, daily sales tell a different story. So, will
Despite rising tensions between the U.S. and China, some analysts think any break in Chinese buying is a factor of economics and adequate supplies, not politics.
From Pro Farmer’s First Thing Today, these are some of the stories we are watching on Tuesday, May 19.
From Pro Farmer’s First Thing Today, these are some of the stories we are watching on Thursday, May 14.