NEWS： China signaled a large number of companies to buy American soybeans
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An interview with five executives from large Chinese trading companies and processing companies showed that it might be painful for us to buy a large amount of American soya beans, especially in the case of us soyabean more expensive than Brazil soya beans, for sufficient reserves of Chinese soybean end-users and traders.
As sellers bet good luck, American soybean export prices have been pushed higher this week, but the squeeze profit rate of Chinese soybean squeezing companies is already very low.
In addition, according to a source and other traders of the state-owned enterprises, a large amount of Brazil soya beans have been stored by COFCO and other major trading companies, resulting in almost no space to buy more soya beans because of the potential for a trade war between China and the United States.
"Government guidance or not is not important. Business talks, "said the manager of a mid size cereal processing industry in northern China that its factories had ample supply by June." if it was unprofitable, the processors would not buy Soya beans. "
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