US Exporters Report Soybean Sales to China
U.S. exporters reported sales of 581,000 metric tons of soybeans to China since Sept. 1, the U.S. Department of Agriculture Foreign Agricultural Service said Sept. 25. The sales are for delivery during the 2019/2020 marketing year, which started Sept. 1. The sales report came as China said it would begin buying U.S. agricultural products, including pork and soybeans, in response to President Donald Trump’s two-week postponement of tariffs on Chinese goods earlier this month (see 1909120046).
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China imported more than six times as many U.S. soybeans in August as it did in August 2018, according to a Sept. 25 Reuters report. China purchased 1.68 million tons of U.S. soybeans in August, an increase from 265,277 tons in the same month last year, the report said.