China Waits to Fill Dec-Jan Soybean Needs

China still needs to purchase 8-9 million tons of soybeans for December-January shipment. Those purchases are on hold for two reasons. They are avoiding the U.S. market because of the trade war. Price is the headache for South American soybeans. Brazilian soybeans are holding a $2.80-to$2.90 per bushel premium over November futures in Chicago.