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Central Missouri | Outstanding export sales to China plus what has already been shipped is 25,995. Unknown export sales to be shipped is 10,529. China will end up taking between 60-72% of the unknowns. So using 60% that is 6,317.
Adding those two numbers together you get 31.3 mmt of beans sold to China. That is substantially more by 2.5 mmt than what USDA has figured in their s and d to China.
Brazil is out and is buying and doing inter company swaps to get beans from the u.s. to Brazil to tide them over until their new crop. We are the only source of beans. Until Brazil new crop.
Sales can be switched to s.a. Or cancelled. Draw your own conclusions. | |
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China soybean purchases
