Chinese State Traders Buy 488,000 MT of U.S. Soybeans for 2026-27
Updated
Updated · Pro Farmer · Aug 3
Chinese State Traders Buy 488,000 MT of U.S. Soybeans for 2026-27
3 articles · Updated · Pro Farmer · Aug 3
Summary
USDA confirmed daily export sales of 488,000 metric tons of U.S. soybeans to China for the 2026-27 marketing year, validating earlier talk of 14 to 16 cargoes.
Recent price weakness appears to have triggered the deal, with traders booking supplies after soybeans erased their summer rally and November futures kept sliding.
USDA also reported 136,150 metric tons sold to unknown destinations, while the China purchase stands as the largest U.S. soybean sale to China so far this export season.
The buying reinforces signs that China is still maintaining U.S. agricultural purchases, a closely watched gauge of broader trade relations ahead of Xi Jinping's planned White House visit next month.