Reuters was first to report China’s largest single-day soybean purchase this year, as logistical troubles in Brazil make U.S. soybeans more attractive to the world’s largest importer of the valuable cash crop. The report, citing traders, that Chinese importers bought around 10 cargoes of soybeans, or about 600,000 metric tons, for shipment from U.S. Gulf Coast and Pacific Northwest export terminals sent soybean future prices higher in overnight trading on Tuesday.
The post China makes largest US soy purchases in months -traders appeared first on Reuters News Agency.
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