China buys more soybeans

China buys more soybeans

The USDA is reporting a pair of new U.S. export sales.

China purchased 121,000 mt (4.4 billion bushels) and unknown destinations purchased 213,000 mt (8.6 billion bushels) of soybeans, both are for delivery for the current marketing year. 

Sales are frequently listed as heading to an unknown destination to give buyers and sellers time to iron out delivery details.

The USDA’s next set of Supply and Demand numbers come out tomorrow.

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