China makes new soybean purchases from the US and Brazil, marking another week of good demand news

The USDA (United States Department of Agriculture) reported new sales of soybeans and meal this Friday (30), ending another week marked by good news about the demand for North American products. There were 132 thousand tons of soybeans in grain to China and 100 thousand tons of meal to Colombia, both volumes from the 2024/25 harvest. Sales made on the same day, to the same destination and with a volume equal to or greater than 100 thousand tons must always be reported to the American department. According to the market analyst at Agrinvest Commodities, Eduardo Vanin, China has already purchased 23 boats of soybeans this week alone, 12 of which were from the USA. The movement had an immediate impact on premiums there, "which have risen sharply in recent weeks," which doesn't help much, especially soybeans," adds the analyst. And this same movement, therefore, making US soybeans a little more expensive than a few weeks ago, caused demand to also turn to Brazil, which sold at least ...