09.
09.20
13:20

New export records for US soybeans?

US exporters today report 132,000 tons of soybeans sold to unknown recipients. In addition, 238,000 tons for delivery to China. Both financial statements are planned for the current financial year.
By August 27, China had already purchased 13.53 million tons of US soybeans in this marketing season, which began on September 1. After August 27th and up to yesterday, another 1.1 million tons has been confirmed by the USDA. For this short period of time, the export orders are on a new record. Yesterday saw the highest daily closing of this season with 664,000 tons of soybeans.
If it stays at this pace, China could surpass its largest soybean import to date from 2016/17, when 36 million tons were exported to the Asian country in the entire marketing year.

Source
Hansa Terminhandel GmbH
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