China Buys Up to 13 More Cargoes of U.S. Soybeans
Cubierto por 3 fuentesPublicado
- Hellenics Shipping newsChina state buyers purchase up to 13 US soybean cargoes
- feed dan grainChina buys 2.18 million metric tons of US soybeans in one week
- Hellenics Shipping newsSoybeans Rebound on Strong Export Demand
- datamar newsChina Holds Off on New Soybean Purchases as Brazil and U.S. Compete for Year-End Demand
- Hellenics Shipping newsPrices could favor US soybeans despite low interest in China's auctions: sources
- Hellenics Shipping newsSoybeans Hit 2-Month Low
Chinese state-owned trading companies purchased between 10 and 13 Panamax cargoes of U.S. soybeans on Wednesday, marking the second substantial round of purchases since the meeting between U.S. President Donald Trump and his Chinese counterpart, Xi Jinping, in September. The cargoes are scheduled to be shipped between December and March.
This new deal adds to the 8 to 10 cargoes that Chinese state buyers had already booked on Tuesday, bringing the week's combined total to between 18 and 23 cargoes, equivalent to approximately 1.2 to 1.5 million metric tons. With these purchases, China would have acquired around 15 million tons of the 25-million-ton target announced by the White House for the 2026/27 marketing year.
USDA Data
According to the U.S. Department of Agriculture, during the week of October 9-15, China booked 2.18 million metric tons of soybeans, bringing net soybean export sales to 2.84 million tons for the 2026-27 marketing year. Soybean shipments reached 2.02 million tons, up 75% from the previous week, with China receiving 1.33 million tons of that volume.
25-Million-Ton Commitment
According to data from Biond Agro cited by Datamar News, China committed to purchasing at least 25 million tons of U.S. soybeans annually between 2026 and 2028. Of that total, 13.73 million tons had been contracted for 2026 to date, leaving approximately 11.3 million tons to fulfill this year's commitment.
Price Context
The rebound in Chinese purchases came amid low prices: soybean futures had touched an eight-week low of around $12.5 per bushel in mid-October, pressured by the advancing U.S. harvest, before recovering toward $12.6 on strong export demand led by China. Meanwhile, interest in auctions of China's state reserves of imported soybeans remained moderate: Sinograin sold 209,904 metric tons, or 40.5% of the 517,858 tons offered, at an October 13 auction.
