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China buys large volume of US soybeans

China has just purchased its second large quantity of soybeans from the US, the largest volume since June.

Photo: Colourbox

Chinese importers purchased another large portion of US soybeans Monday. Specifically, private Chinese companies have bought ten shipments totaling 600,000 tons of US soybeans for delivery from October to December, reports Reuters based on information from undisclosed commodity traders.

This is the latest in series of US agricultural purchases by Chinese players, for instance, a similar soy volume a few weeks back after Chinese government representatives suddenly and inexplicably canceled a visit to US farm states last week.

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