The U.S. Agriculture Department on Thursday said Chinese buyers booked deals to buy 197,000 tonnes of U.S. soybeans, the seventh weekday in a row that the government has reported a sale to the world’s top buyer of the oilseed, reports Reuters.
In a separate report, USDA said weekly export sales of soybeans through Aug. 6 totaled 2.13 million tonnes, the most since November 2016.
USDA boosted its 2020/21 U.S. soybean export forecast by 75 million bushels to 2.125 billion bushels in its monthly World Agriculture Supply and Demand Estimates report it released on Wednesday.
