Items Tagged with 'John Baize'

China’s not yet buying new crop soybeans from the U.S. as fast it did at this time last year, but U.S. sales are still historically strong and increasing quickly in August.

Roughly 30,000 metric tons of U.S. soybeans are set to arrive in the Paranagua port in southern Brazil Thursday, demonstrating just how much Brazil — the world’s largest soybean producing and exporting country — has over-exported its own large crop this year.

Exports of U.S. soybeans to China started off the new 2020-21 marketing year strong, and the latest USDA weekly sales data show the pace of trade is heating up.

U.S. soybean exports are moving quickly out of U.S. ports, spurred on by larger than normal Chinese purchases as the new marketing year begins.

The USDA announced on Wednesday sales of 715,000 metric tons of U.S. soybeans to China, 649,000 tons of which are scheduled for delivery in the 2020-21 marketing year, which begins Sept. 1.