China Soy Imports Rise as US Cargoes Clear
China bought 8.28 million tons last month, the most since August
Soybean imports by China rose to the highest level in three months after port congestion eased and more American beans cleared customs, reports Bloomberg.
China bought 8.28 million tons last month, the most since August, according to customs data released on Sunday.
That’s up 34% from October and 54% from a year ago.
According to the report, China may boost imports of Amercian soybeans to cover a deficit in the first quarter of next year if the two countries make progress in trade negotiations.