China purchased U.S. soybeans for three consecutive days at the end of this past week. “They’ve been woefully behind and all of a sudden, bam, they come into the markets,” said Jerry Gulke, president, Gulke Group. “It was probably time to buy because Brazil is still three or four months away (from harvesting a crop) so if they need beans, they need to come here.” Gulke is encouraging growers to monitor demand. “China bought beans, they didn’t buy any corn. They’re way behind some of the targets that they have in place and that’s the one to look for.”
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