Chinese Private Crushers Buy Less U.S. Soybeans Than Expected
Despite Beijing waivers, pace of purchases has been disappointing
Chinese private soybean processors purchased about five cargoes from the U.S. this week, according to people familiar with the deals, less than what was expected by the market, reports Bloomberg.
The private crushers in the world’s biggest soybean importer bought the cargoes for December and January shipment, said the people, who asked to not be identified as the matter is private.
Despite Beijing issuing waivers for retaliatory tariffs on some U.S. beans, the pace of purchases has been disappointing the market.