China Buys 4.8 MMT of Soybeans

Chinese Crushing Companies Agree to Buy $2.3 Billion of Beans

Ten Chinese soybean crushing companies signed 21 contracts with U.S. soybean sellers on Monday afternoon. (DTN photo by Katie Micik)
Ten Chinese soybean crushing companies signed 21 contracts with U.S. soybean sellers on Monday afternoon. (DTN photo by Katie Micik)
Chinese crushing companies agreed to buy $2.3 billion worth of soybeans on Monday, equivalent in value to what they agreed to buy at a similar signing ceremony last fall. Total tonnage increased due to lower prices.

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