Soybean futures fall 1.6%, as China purchase barely dents huge U.S. stockpile
The market is looking for much bigger sales to China to put a dent in the huge stockpile in U.S. inventories that are set to double to a record 25.99M tons, according to the U.S. Department of Agriculture, which reported sales of 1.1M tons to China.
“We are disappointed with the sales to China,” Ted Seifried, chief market strategist at Zaner in Chicago, tells Bloomberg. “We needed at least 10 million metric tons, we got 1.1 million.”
(in ce se kdo vprasa, ja a so potem kitajci zdaj kar brez soje -- niso, brazilija je z veseljem nadomestila zda)