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Soybean Shipments to China Dry Up

US has only one cargo of soybeans left to ship to China for current exporting season

Container ship

The US has only one cargo of soybeans left to ship to China for the current exporting season, practically unheard of for this time of year.

According to a report at Reuters, it's even more shocking considering that China is allegedly still on the hook for massive US farm purchases this year under the recent Phase 1 deal, and that soybean stocks in the country have plunged to lows not seen in at least a decade.

US export inspection data published on Monday by the Department of Agriculture suggests that no American soybeans were shipped to mainland China in the week ended March 12. That is the first week since Dec. 27, 2018, in which China was absent from the weekly inspection report.

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