Breaking News-RTRS-Hungry China keeps US soybean export sales rolling
Posted by Labels: Trader's highlightCHICAGO, May 21 (Reuters) - The surge in U.S. soybean
prices to fresh seven-month highs last week did little to
dampen export demand, with a government report Thursday pegging
sales at a higher-than-expected 1.4 million tonnes.
And despite scattered market talk of a pullback in demand
from China, the world's top importer of soybeans bought about
seven Panamax cargoes of the oilseed last week, including
192,600 tonnes of supplies from last year's harvest.
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