China buys more beans

China buys more beans

CHINA returned from its weeklong Golden Week holiday and immediately bought more of the U.S. soybeans being harvested now.

In two separate deals over the past week, China bought a total of nearly 17.5 million bu. Those sales, combined with better-than-expected weekly export shipments, helped send Chicago, Ill., soybean futures past $9/bu. and to a two-month high.

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