USDA exports China buys soybeans, unknown buys corn

28.07.2016

China buys 4.8 mln bu soybeans, unknown 9.8 million corn.

Private exporters reported the sales of 4.8 million bushels of soybeans to China and nearly 9.8 million of corn to unknown destinations, USDA said on Wednesday.

China’s purchase included nearly 2.4 million bushels of the 2015/2016 crop and slightly more than 2.4 million of the 2016/2017 crop.

Unknown destinations bought 9.76 million of corn that included 2.9 million of the 2015/2016 crop and 6.84 of the 2016/2017 one.

The marketing year for corn and soybean begins Sept. 1.



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