China Ends Week With Huge Soybean Purchase

China Ends Week With Huge Soybean Purchase

Mexico buys 375,936 metric tons of 2014/2015 corn

China bought 1.236 million metric tons of 2014/2015 U.S. soybeans, USDA said on Friday, that country's fourth big soybean purchase this week.

Also on Friday, private exporters told USDA that Mexico bought 375,936 metric tons of 2014/2015 corn.

 The soybean deals may coincide with a Chinese trade delegation's recent visit here. China is the largest buyer of U.S. soybeans and previously this week bought 118,000 tons on Monday, 620,000 on Wednesday, and 110,000 on Thursday.

USDA's latest weekly export data, which does not include this week's business,  showed that as of Sept. 11 China has bought 13.82 million tons of U.S. soybeans, down from 15.03 million a year ago.

China makes big soy purchase; Mexico buys 375,936 metric tons of corn

Mexico is currently the leading buyer of 2014/2015 corn and as of Sept. 11 had bought 2.8 million metric tons. That total does not include Friday's announcement.

The marketing year for corn and soybeans began 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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TAGS: USDA
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