China Asks for U.S. Soy Shipment Delay Due to Lack of Storage
- State buyers request is for as much as 2 million tons in soy
- Request for July loading cargoes to be delayed until August
Photographer: Ty Wright/Bloomberg
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Chinese state soybean buyers asked U.S. exporters to delay cargoes scheduled for July loading into August, citing limited availability of storage capacity, according to people with knowledge of the situation.
The request is for as much as 2 million metric tons of American soybeans, said the people, who asked not to be identified as the information is private. The buyers requested to delay the U.S. shipments due to a large number of vessels carrying South American supplies arriving at the same time, the people said.