China an early soybean buyer – 09/04/2020

Published by David Tedrow on

China has purchased more than 13 million tonnes of new crop U.S. soybeans which is well ahead of the pace established in recent years.China’s soybean purchases are keyed to increasing domestic soybean meal demand and the effort to provide the population with increased animal  protein. In the season just ended China took 16 million tonnes during the entire crop year.