U.S. soybean futures edged higher for a fourth consecutive session on Monday, as strong demand from China underpinned prices.
According to a report at Successful Farming, exporters last week reported a sale of 131,000 tonnes of soybeans to China, marking the second consecutive daily soybean sales notice, though weekly sales have been lighter than what is needed to meet USDA export targets.
The recent uptick in sales to China comes after Beijing's soybean imports fell in July from the same period the previous year, customs data showed on Saturday, as poor crushing margins weighed on demand.