10 days in a row for soybean sales to China
Exporters sold nearly 2.7 million tonnes of U.S. soybeans in the first half of this month for delivery to China, said the USDA on Thursday. A “significant” sale was reported on each of the 10 business days beginning on Sept. 3, said the Foreign Agricultural Service, which tracks exports.
The most recent sale, 264,000 tonnes, was reported on Thursday. By law, exporters are required to promptly report sales of grains and soybeans that exceed 100,000 tonnes. China, the largest agricultural importer in the world, has been an active buyer of U.S. commodities since mid-July. The sales have bolstered market prices and stirred hopes that China will comply with a pledge to buy $36.6 billion worth of U.S. food, agricultural, and seafood products this year.