The USDA announced on Friday that 132,000 tons of soybeans in the current marketing year were sold to China and traders from various trading houses also received strong buying interest from state-owned buyers late last week.
Despite the market is still uncertain of the exact total amount China’s state buyers will be purchasing, these sources have confirmed that China buying is underway.
According to trade sources, offers for US soybeans and corn dried up last Thursday and Friday as Chinese state...