China buys the soybeans dip


China loans up

Reuters reports that China has bought at least eight cargoes of US soybeans today. They are mostly for October delivery.

The report notes that they had previously booked 3.05 mt and this would add at least 0.48 mt more.

Prices of soybeans on the front month fell 7% yesterday but have bounced back 5% today.

Invest in yourself. See our forex education hub.

Articles You May Like

Dollar Trying to Recover ahead of FOMC, Market Sentiments Steady
China state financial media says yuan-denominated assets are to become more attractive
WTI on the way to test a critical resistance target ahead of Fed
Home prices broke records in May, according to S&P Case-Shiller
Gold dips as yields perk up, dollar strengthens

Leave a Reply

Your email address will not be published. Required fields are marked *