Market News & Headlines >> USDA Reports U.S. Soybean Sale to China

USDA on Thursday morning reported through its daily export reporting system that exporters sold 1.13 million metric tons (41.5 million bushels) of soybeans to China for 2018-10 delivery. 

The sales announcement provides confirmation of Chinese buying that was reported by traders on Wednesday. More sales to China may already be in the works. A European trader on Tuesday afternoon told Reuter News Service that Chinese buyers were seeking 1.5 to 3.0 million metric tons of U.S. soybeans. 

The sales announcement ranks as the ninth largest single day announcement since April 14, 1977, when USDA started releasing daily sales announcements. 

Other reports have circulated that further cargos will be sought by China.