By Karen Braun
By Karen Braun
FORT COLLINS, Colo., March 16 (Reuters) – The USA has just one cargo of soybeans left to ship to China for the present exporting season, virtually unparalleled for this time of yr. It’s much more stunning contemplating that China is allegedly nonetheless on the hook for large U.S. farm purchases this yr beneath the current Part 1 deal, and that soybean shares within the nation have plunged to lows not seen in no less than a decade.
U.S. export inspection knowledge revealed on Monday by the Division of Agriculture means that no American soybeans have been shipped to mainland China within the week ended March 12. That’s the first week since Dec. 27, 2018, by which China was absent from the weekly inspection report.
For anybody monitoring the weekly knowledge, this was very predictable and will proceed in future weeks. USDA’s weekly export gross sales revealed on Thursday confirmed that China’s unshipped U.S. soybean purchases for 2019-20 have been simply 63,000 tonnes as of March 5. That equates to at least one cargo.
The final time that China’s excellent…