DeLong, Gavilon boost U.S.-China soybean shipments as prices soar

Ags - Grains/Beans 266 China 2728 Consumer Staples 667 Trade Deals 935 U.S. 4848

Soybean and corn prices have risen to their highest since 2014 and 2013 respectively, reportedly due to falling U.S. inventories. Increased sales to China linked to the phase 1 trade deal are one reason with total U.S. exports up by 124.2% year over year in the three months to Nov. 30. Shipments to China rose 52-fold to 70.2% of the total with signs of further growth in seaborne shipments in December. Exporters have resorted to containerized as well as bulk shipments to meet demand. Shipments by sea to China from the U.S. increased by 14.4% year of year in December based on the first thr...

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