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China State Buyers Book More US Soybeans

Chinese state-owned firms purchased additional US soybean cargoes for shipment through March. The recent purchases bring total buying closer to the official target for the marketing year.

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Cranes unload soybeans imported from Brazil at a port in Lianyungang, Jiangsu province, China April 20, 2020.China Daily via REUTERS

China state buyers purchased 10 to 13 Panamax cargoes of United States Soybeans overnight. It marks the second large-scale booking since bilateral presidential talks in September, three trade sources said Thursday.
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