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USDA's delayed export sales data showed China bought 144 million bushels of U.S. soybeans over the prior six weeks, about 60% of 240 million bushels of old-crop business in that period. Total China commitments on the 2018 crop reached 20% of U.S. sales, far below the usual 60% pace.
Total sales still came in below trade estimates.
Sales running well behind the usual pace leave room for further Chinese buying, which supports U.S. soybean prices. Brazilian and Argentine supplies typically dominate China's second-half imports, which limits how far the U.S. recovery can go.
feedstuffs.comBryce Knorr22 feb 2019Tras 747 eventos alcista de informe pasados, Soja se movió una mediana de +0,3 % en 5 sesiones (54% al alza; mitad central entre -1,4 % y +2,1 %), y +0,8 % en 20.
Variaciones de la referencia de cada materia prima desde el último cierre antes del evento. Las lecturas históricas agrupan eventos pasados del mismo tipo; describen lo ocurrido, no lo que ocurrirá. No es asesoramiento de inversión.
