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More U.S. Soybeans En Route to China

ClipperData: Buys could be on the rise

Cargo ship3

Ken Smithmier, head of Ag Research for ClipperData, has data that shows the U.S. is sending soybeans to China, and those buys could be on the rise, reports AgWeb.

“August is going to be a big month,” said Smithmier with ClipperData, which tracks agricultural shipments, told AgWeb. “China has already unloaded just over 7 million tonnes this month.”

Those numbers are in addition to the latest government data that shows China bought 911,888 tonnes of soybeans in July, which is up from the 308,127 tonnes purchased the same time last year.

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