USDA: China buys U.S. pork, soybeans

 

By John Perkins, Brownfield 

October 3, 2019

 

The USDA says China did buy U.S. pork during the week ending September 26th. Beijing purchased 3,500 tons for 2020 delivery, less than what many analysts were expecting heading into the weekly numbers. China was the biggest buyer of U.S. soybeans, purchasing more than a million and a half tons. Thursday morning, the USDA announced sales of 130,000 tons of U.S. white wheat and 252,000 tons of U.S. soybeans to China, both for 2019/20 delivery. Trade negotiations between the U.S. and China are scheduled to resume this month...

 

Wheat ...

 

Corn ...

 

Soybeans ...

 

Soybean meal  ...

 

Net pork sales totaled 31,000 tons, down 4% from the previous week, but up 44% from the four-week average. The listed buyers were Mexico (10,700 tons), South Korea (8,000 tons), Japan (3,700 tons), Canada (2,900 tons), and Colombia (1,700 tons), with a cancellation by Guatemala (200 tons). Sales of 3,500 tons for 2020 delivery were to China.

 

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