“Soybean futures have been surging on Chinese demand, trade group CEO says buying could continue”
September 13, 2020
“Global soybean demand has been robust recently, with new American crop sales at record levels, said Jim Sutter, CEO of the U.S. Soybean Export Council.
On Tuesday, prices of U.S. soybean futures rose to their highest levels since 2018 after the U.S. Department of Agriculture said that Chinese buyers purchased 664,000 tonnes, the largest daily total since July 22…
According to the agreement signed in January, China is committed to buying $12.5 billion of American agricultural goods in 2020 and another $19.5 billion in 2021. China is the world’s largest importer of soybeans, importing 60% of the world’s soybean exports…”