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USDA Data Undercuts Claims of Major Chinese Soybean Purchases

Summary
Josh Wolsky
Josh Wolsky
Source
Associated Press
Josh Funk

Associated Press

China’s promised return to the U.S. soybean market is looking far less certain now that the latest USDA data is out. Instead of the millions of tons officials touted after last month’s Trump–Xi meeting, the numbers show only two confirmed Chinese purchases — a fraction of what was advertised. That gap is rattling farmers who are already squeezed by rising input costs and uncertain aid, and it raises fresh doubts about whether China has any real incentive to shift buying away from cheaper South American supplies. Josh Funk with Associated Press has the full story.

Josh Wolsky

Josh Wolsky

Developer & Writer @TheMinot Voice, Fan of the Souris River, SavorMinot Advocate. Fortunate to be a 'former' City Council member ;)