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China Books 13 More US Soy Cargoes, Nearing Quarter of Target

Trade Policy & Supply ChainCommodities & Raw MaterialsMarket Technicals & FlowsEconomic Data

China booked another flurry of US soybean cargoes as it moves toward fulfilling its trade-truce purchase pledge from last year. This indicates improving demand visibility for US soy exporters and supports near-term grain shipment flows, which can be supportive for soy prices and related spreads.

Analysis

China booked another flurry of US soybean cargoes as it moves toward fulfilling its trade-truce purchase pledge from last year. This indicates improving demand visibility for US soy exporters and supports near-term grain shipment flows, which can be supportive for soy prices and related spreads.

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