Private exporters reported that China bought 120,000 metric tons, or nearly 4.41 million bushels, of U.S. soybeans for delivery during the 2014/2015 marketing year, USDA said on Tuesday.
Last week's USDA export report showed China is the largest buyer of 2014/2015 U.S. soybeans with 6.675 million tonnes, or 245.2 million bushels. The marketing year for soybeans begins Sept. 1.
USDA issues both daily and weekly export sales reports to the public. Exporters are required to report to USDA any export sales activity of 100,000 tons or more of one commodity, made in one day or quantities totaling 200,000 tons or more in any reporting period.
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