China slows soybean buys in October
China’s soybean imports in October fell 41.2% from a year earlier, hitting the lowest level since March 2020, Reuters reported.
The world’s top buyer of soybeans brought in 5.11 million metric tons of the oilseed in October, versus 8.69 million metric tons a year earlier, General Administration of Customs data showed last week.
China’s soybean purchases in October were also down from the 6.88 million metric tons imported in September, the data showed.
China brought in 79.08 million metric tons of soybeans in the first 10 months of the year, down 5%...
Members Only Content
Join Iowa Farm Bureau or login to view all members only content and receive other member benefits.