China buys US soybeans

According to the US Soybean Export Council, China has bought between 1.5-2mt of US soybeans in recent days, which follows constructive trade talks between China and the US at the G-20 summit. This development is clearly positive for US farmers, however, we would need to see significantly more purchases from China, with cumulative export sales to China since the start of this marketing year through to the end of November totalling just 339kt, down from 16.26mt at the same stage last season.   

US soybean export sales to to China (m tonnes)