Usda Confirms U.S. Soybean Sales To China; Soy Futures Fall

Mystery history?
Two from Reuters:

Private exporters convey sold 1.13 ane K m tonnes of U.S. soybeans for delivery to China, the U.S. Agriculture Department said on Thursday, confirming sales Reuters reported a twenty-four hr menses earlier, though soy futures cruel every bit traders hoped for to a greater extent than deals.

Traders said on Midweek that China, the world's run past times soybean importer, had booked its outset pregnant U.S. soybean purchases inwards to a greater extent than than 6 months later a merchandise truce was reached on Dec. 1.

The sales came later U.S. President Donald Trump in addition to China's President Xi Jinping agreed to a 90-day detente inwards their tit-for-tat tariff nation of war to negotiate a merchandise bargain later coming together at the Group of 20 summit inwards Buenos Aires.

Trump told Reuters inwards an interview on Tuesday the Chinese were already buying a "tremendous amount" of U.S. soybeans in addition to would likewise shortly cutting tariffs on U.S. autos. But it was unclear how many soybeans China would genuinely buy, amongst tariffs withal inwards house in addition to a tape Brazilian crop nearly fix for harvest.

China final yr purchased nigh sixty per centum of U.S. soybean exports inwards deals valued at to a greater extent than than $12 billion. The purchases confirmed on Mon were less than $500 million.

"There was beak we’d reckon similar five ane K m tonnes over the side past times side few days, in addition to then nosotros volition ask about follow-through buying from China, peculiarly exterior of Sino," ane U.S. trader said, referring to China's state-run buyer Sinograin....MORE

Two weeks-o-beans:

FinViz

910.00, downwards 10.00.

 

And a yoke hours earlier:

Exclusive: China makes outset large U.S. soybean purchase since Trump-Xi truce

China on Midweek made its outset major purchases of U.S. soybeans since President Donald Trump in addition to his Chinese counterpart Xi Jinping struck a merchandise nation of war truce before this month, providing about relief to U.S. farmers who convey struggled to uncovering buyers for their record-large harvest....MORE