Boost in China’s import of US soybeans not yet positive for crushing demand: industry
November 9, 2023 Comments Off
The recent spike in US soybeans exports to China, which was reportedly purchased for storage reserves, was not necessarily a sign of improving crush demand, industry sources said Nov. 9. US export sales data for the week of Nov. 6 showed that up to 1,145,500 mt of soybeans had been sold to China, with state-owned Sinograin the likely buyer of…
Boost in China’s import of US soybeans not yet positive for crushing demand: industry
The recent spike in US soybeans exports to China, which was reportedly purchased for storage reserves, was not necessarily a sign of improving crush demand, industry sources said Nov. 9. US export sales data for the week of Nov. 6 showed that up to 1,145,500 mt of soybeans had been sold to China, with state-owned Sinograin the likely buyer of…
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