Business & Finance

Reuters exclusively reports China buys at least 8 U.S. soybean cargoes, most in 4-1/2 months

Reuters exclusively reported that China made its largest purchases of U.S. soybeans in nearly five months, kicking off a rally of Chicago Board of Trade soybean futures from multi-month lows. November soybeans hit a session high on Friday and the U.S. Department of Agriculture confirmed the sales on Monday. China, the top global buyer of agricultural commodities, has been sending conflicting policy signals about its future demand for soybean imports, making confirmation of actual purchases highly market sensitive. 

Article Tags
Topics of Interest: Business & Finance
Type: Reuters Best
Sectors: Commodities & Energy
Regions: Asia
Countries: China
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Important Regional Story
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