Even with an ongoing trade war, China was the top destination for U.S. soybeans during the first half of the current marketing year, and the Asian country will help determine whether American beans can meet the U.S. government’s full-year export targets.
Reuters reports that data published by the U.S. Census Bureau on Wednesday showed that the United States exported 4.58 million tonnes of soybeans in February, the largest volume for the month in three years.
Some 46% of those shipments were to China, the largest monthly share in a year.
China was the top destination for U.S. soy shipments between September and February with a total of 3.94 million tonnes.
Read the full report at Reuters.