Chinese Companies Continuing Purchases of US Soybeans, Report Says
State-controlled and private Chinese buyers continue to purchase U.S. soybeans, despite growing tensions between the two countries (see 2005290047), Bloomberg reported June 10. Chinese companies purchased at least 10 cargoes of soybeans this month, Bloomberg said, which came after earlier reports that China was halting certain agricultural imports from the U.S., including soybeans, pork, corn and cotton (see 2006010044).
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Private U.S. exporters recently reported export sales of 720,000 metric tons of soybeans to China, a June 11 Department of Agriculture notice said. Of those, 63,000 metric tons are for delivery during the current marketing year, and 657,000 metric tons are for the 2020-2021 marketing year. The marketing year begins on Sept. 1, the notice said.