01/06/2026 Awaiting Confirmation of China’s Soybean Shopping Spree

01/06/2026 Click Above to Watch the Morning Market Talk Video Awaiting Confirmation of China’s Soybean Shopping Spree On the Grains Soybeans paused overnight after Monday’s strong gains, as traders await confirmation of reported Chinese buying. Corn and wheat modestly favored the downside in quiet, two-sided overnight trade. China reportedly went on a soybean shopping spree on Monday, securing at least 10 cargoes of U.S. supplies for spring delivery. Key will be whether USDA confirms that business via daily sales announcements today or Wednesday. Recent reports of China buying U.S. soybeans haven’t been corroborated via daily sales announcements. As of Dec. 25, USDA had confirmed 6.422 MMT of soybean purchases by China, with another 136,000 MT of daily sales on Dec. 30, which would put the total at 6.558 MMT. Of that total, only 794,446 MT had been shipped. While outstanding sales have ramped up, exports continue to lag well behind recent years. There were also 3.060 MMT of soybean sales on the books to unknown destinations as of Dec. 25, with another 231,000 MT of daily sales since then. A good portion of those unknown export sales are also to China. USDA showed none of the unknown sales had been…