Friday Was 9th Straight Day of Grain Sales to China
China has made big daily purchases this month, especially of soybeans
Friday marked the ninth straight day USDA has announced new sales of corn, soybeans or wheat to China or unknown destinations. China has made big daily purchases this month, especially of soybeans, reports Ag Web.
Pro Farmer says USDA’s daily export sales reporting program on Friday announced private exporters sold 252,000 metric tons of soybeans to unknown destinations as accumulated daily sales during the week pushed the total above required reporting levels.
USDA says 6,000 metric tons were for old-crop delivery and 246,000 metric tons for new-crop delivery.
There could be more export demand from the U.S. to China.