China’s soybean demand lifts American exports

  • Chinese buying supports U.S. soybean sales
  • Net sales of U.S. soybeans totaled 735,100 metric tons
  • China was the leading buyer of old crop soybeans
  • Corn and wheat sales also reported
  • CBOT grains not expected to rally

U.S. soybean sales saw a significant increase in the latest weekly export sales report, with China as the leading buyer of old crop soybeans. This comes after recent weeks of sluggish sales. The U.S. Department of Agriculture reported net sales totaled 735,100 metric tons for both the 2023/24 and 2024/25 marketing years, nearly double the previous week’s total. China purchased 137,000 tons of old crop soybeans and an additional 10,000 tons for the 2024/25 year. Corn sales reached 923,500 tons, while wheat sales totaled 578,500 tons for 2024/25. Despite meeting expectations, CBOT grains are not expected to rally. Doug Bergman of RCM Alternatives noted, ‘disappointing old crop corn sales, new crop bean sales continue to be weak.’

Factuality Level: 9
Factuality Justification: The article provides accurate and objective information about the increase in U.S. soybean exports, specifically to China, citing data from the U.S. Department of Agriculture report. It also includes relevant context on corn and wheat sales, as well as market reactions. The article does not include any irrelevant or misleading information, sensationalism, redundancy, personal opinions presented as facts, invalid arguments, or logical errors.
Noise Level: 3
Noise Justification: The article provides relevant information about U.S. soybean exports and their improvement, but it lacks a comprehensive analysis of the long-term trends or possibilities, does not hold powerful people accountable, and does not offer actionable insights or new knowledge for readers.
Key People: Kirk Maltais (Author), Doug Bergman (Analyst at RCM Alternatives)

Financial Relevance: Yes
Financial Markets Impacted: US soybean and corn markets
Financial Rating Justification: The article discusses the improvement in export sales of U.S. soybeans, including new sales to China, and its impact on CBOT grains (soybeans and corn) trading, making it relevant to financial topics and affecting financial markets.
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Extreme Rating Justification: There is no mention of an extreme event in the article, which discusses soybean and grain sales and their impact on agricultural markets.

Reported publicly: www.marketwatch.com