Soy-Hungry China Gets Early Start Buying America’s 2021 Crop
- Buying of next season’s crop starts earlier than usual
- China may also need to turn to the U.S. for February supplies
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China is so hungry for soybeans that it has started buying U.S. supplies from next year’s crop much earlier than usual.
The world’s top importer has been picking up American cargoes over the past week, according to people familiar with the matter, who asked not to be identified because the trades are private. While buyers bought fewer than five cargoes, purchases came earlier than the usual end of the first quarter.