Soybean quotations continue to fall as China has purchased from the USA only half of the promised volume of soybeans.

Favorable weather for soybean development in South America and low sales rates of soybeans from the US to China are increasing pressure on soybean quotes in Chicago, which have been falling for more than a month. January soybean futures on the SBOT have dropped by another 2% since the beginning of the week to $386.6 per ton (-8% for the month) under the pressure of actual data on export sales to China. Due to the US government shutdown in October and November, the USDA is now providing export sales statistics with a delay. As of November 27, soybean exports from the US totaled 21.829 million tons, which is 39.3% less than in the same period last year. The US Department of Agriculture reports that less than 5 million tons of soybeans have been sold to China, although market participants believe the actual volumes are significantly higher. In addition, nearly 3 million tons of American soybeans were sold with the designation "unknown destination," and these batches may be redirected ...