12/18/20 Do Soybeans Even Care About Chinese Purchases?

12/18/2025 Click Above to Watch the Morning Market Talk Video Do Soybeans Even Care About Chinese Purchases? Reco Day 3: Exit January soybean shorts at $10.63. That order was filled on Tuesday. Reminder: The deadline for producers to make sure 2025 acreage reporting at FSA is accurate for the upcoming Farmer Bridge Assistance program payments is Friday, Dec. 19 at 5 ET. On the Grains Corn futures built on Wednesday’s corrective gains during overnight trade. Soybeans and wheat are also modestly favoring the upside early this morning, though buyer interest is limited. Traders await export demand news, as USDA will update export sales activity for the week ended Nov. 27 at 7:30 a.m. CT. There could (should) also be some daily soybean sales to China. China has secured more than 7 MMT of U.S. soybeans after heavy buying during the past two weeks, people familiar with the situation told Bloomberg. Export sources have indicated that figure is in excess of 8 MMT. State-owned COFCO and Sinograin have been the buyers, while commercial firms have been absent from the market as U.S. soybeans aren’t economically viable compared to Brazilian supplies. State stockpiler Sinograin continues to auction state reserves to make room for…