Market Matters
Katie Micik DTN Markets Editor
Thu Mar 27, 2014 04:20 PM CDT

It appears that overbooked Chinese soybean importers have diverted shipments to the United States, split between deliveries to the East Coast and the Gulf of Mexico.

DTN analysts report that three industry sources in the U.S. and Brazil say that 20 cargos, or roughly 18.4 million bushels, that were originally booked for delivery to China have been sold to the United States in the past week.

One source noted that China rolled another 20 shipments to a later delivery date. Another source added that an additional six or seven cargo loads could be on their way to the U.S. soon.

"The ...

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