Chinese importers purchased enough U.S. soybeans this week to fill 11 Panamax-sized ships, signaling that the country is counting on the upcoming U.S. harvest to fulfill its needs in the final five months of the calendar year. The buyers are likely state-owned companies such as COFCO of Sinograin.
To view this article, please
login. If you are not a current subscriber, you may sign up for a trial or view other subscription options
here.