China followed Thursday’s confirmed purchase of U.S. soybeans with another buy on Friday. Standard Grain President Joe Vaclavik says the trade is disappointed in the amounts announced. With the huge soybean supply, Vaclavik will need to make significant buys to impact the trade. “What you really need to see happen is China come in and make recurring soybean purchases from the United States contraseasonally,” said Vaclavik. “You have to remember once the Brazilian crop comes online, China usually stops buying U.S. beans and switch their business to Brazil. I don’t think this year would be any different.”
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