China purchased over 1.3 MMT of soybeans during Jan. 7-20, including almost 790,000 MT transferred from sales previously assigned to unknown destinations. This volume is a bit higher than usual for this time of year and may reflect China’s concern about the eventual size of Brazil’s crop.

Shipments to China were a very strong 1.2 MMT during the week ending Jan. 13, but this volume may have been in part a rebound from low exports during the first week of January. Overall, soybeans destined to China in January have been around average for the month.

Weekly net soybean export sales to China

Source: USDA

Weekly U.S. soybean exports

Source: USDA
Posted by: Information Services
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