China continues soy buying spree
Chinese importers purchased enough U.S. soybeans last 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, Agri-Pulse reported.
The U.S. Department of Agriculture (USDA) announced last Thursday that Chinese buyers purchased 657,000 metric tons of U.S. soybeans for the 2020-21 marketing year, which begins Sept. 1 It also announced a sale of 63,000 tons for delivery in the remainder of this marketing year.
Red meat, poultry...
Members Only Content
Join Iowa Farm Bureau or login to view all members only content and receive other member benefits.