According to dealers, China Central Enterprise China Reserve Grain Management Group purchased 600,000 tons of soybeans from the United States, setting the highest single -day purchasing volume since July this year.
Reuters on Tuesday (November 7) quoted dealers' sources that China Grain Group purchased about 10 ships, about 600,000 tons of soybeans from the United States.From December of this year to March of this year, these soybeans will be shipped from the export terminal along the Gulf of Mexico and northwest of the Pacific.
If the above news is confirmed, this order will set the highest record of soybean purchases since July this year.
The dealer mentioned that the order reached last week was the latest in a series of transactions in the China Grain Storage Group. The cumulative purchase volume of Soybean for the previous period of China Storage Group was about 20 to 25 ships.
Reuters said that this was an export of agricultural products with the highest transaction volume after the overseas sales of soybeans in the United States in 2023, "bringing a hint of hope for American agricultural exports."
As of the end of October this year, the sales volume of American soybeans to China fell by 35%year -on -year, and sales of other places have fallen by 28%.The U.S. Department of Agriculture predicts that the total export of soybeans this year will decrease by 12%year -on -year.But from December of this year to March next year, before Brazil's soybeans ushered in the next harvest, the price of American soybeans will be more competitive.
