Yesterday, a delegation from China at a ceremony in Indianapolis, United States has signed an agreement with the U.S. soybean Export Council for the delivery of four million tons of soybeans.
The order has a value of around 1.8 billion dollars.
More information about the dates of loading and the trading firms involved in the deal were yesterday still not disclosed. In this respect is the contract as a pure contract to understand where the details will be discussed later.
Traders expect that some sales appear in the coming days by the USDA in the daily sales reports, unless they exceed more than 100,000 tons. Immediately after the signing of the contract, larger sales on the futures market were made by funds.
