Friday, 04 October 2019 11:24

China resumes buying US soybeans

582 soybeans

 

The US Department of Agriculture has confirmed that private exporters sold 464,000 tonnes of U.S. soybeans to China for shipment in the 2019/20 marketing year that began Sept. 1.This announcement was part of a flurry of activity resulting from a tariff-free quota awarded to some importers causing soybean prices to rally ahead of trade talks nexxt week. Chinese buyers purchased more than 1.5 million metric tons of U.S. soybeans last week alone, according to data from the US Agriculture Department, and have purchased at least 716,000 tons this week.

Read 572 times Last modified on Friday, 04 October 2019 11:28
Login to post comments