USDA confirms large soybean sales to China last week
The net export sales of US soybean during the week of February 25 to March 3 spiked from the previous period as China ramped up purchases.
The US sold more than 2.2 million tons of 2021/22 soybeans last week, of which nearly 1.1 million tons were confirmed as Chinese bookings, followed by 334,000 tons sold to unknown destinations.
But market sources expect the volume to unknown destinations is also for China.
For 2022/23 new crops, US total ne...