Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
CN Port Soybean Overstock May Affect Further Purchase Intentions from US: Wire
Recommend 3 Positive 8 Negative 11 |
||||
|
||||
|
Traders and analysts warned that the massive soybean stocks in China's ports and national reserves, coupled with weak crush margins, limit China's willingness to further US soybean procurement, according to Reuters. After the meeting between the US and Chinese leaders last month, US officials said that China agreed to purchase 12 million tons of US soybeans by the end of the year and 25 million tons annually over the next 3 years. China has yet to make a public statement, and state-owned buyer, COFCO, has only booked a small amount of US soybeans for December and January 2026 shipments. Chinese buyers have significantly increased purchases of South American soybeans earlier this year, fearing a continuation of the US-China trade war might lead to a soybean shortage, resulting in an oversupply, the report added. AASTOCKS Financial News Website: www.aastocks.com |
||||
Copied to Clipboard
 |
||||
