GRAINS-Chicago soybeans rise as China's buying of US beans falls in August
SOYB•Broader market notes
- Oil prices slid on Monday as investors eyed a recovery in shipments from Saudi Arabia despite ongoing attacks by Yemeni Houthis that have escalated tension in the Middle East while the US and Iran remain in a stalemate.O/R
DATA/EVENTS (GMT)
N/A UK House Price Rightmove MM, YY Sep
Chinese soybean imports from the US fall in August
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Chinese imports of soybeans from the United States fell 12% in August from a year earlier, official data showed on Sunday.
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China, the world's largest soybean buyer, brought in 12.14 million metric tons in August, down 1.1% from 12.28 million tons a year earlier and up 5.7% from July.
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In the January-August period, soybean imports from the U.S. fell 34% from a year earlier to 10.66 million tons, while shipments from Brazil rose 5% to 55.14 million tons.
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China had also passed the halfway mark toward its 25 million-ton U.S. soybean purchase target for this year, with shipments beginning in September.
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The US Department of Agriculture, under its daily reporting rules, confirmed private sales of 111,000 metric tons of soybeans to China on Friday.
