Business · Energy & Commodities · 59 mins ago

Soybeans Fall as Traders Await More Chinese Purchases

Soybeans Fall as Traders Await More Chinese Purchases

Soybean prices fell as traders waited for more Chinese buying.

China, the world's top importer, had not made significant purchases after a weeklong holiday.

China's buying is a key focus for traders because it is the leading importer.

The US supply outlook remained ample.

That combination of limited Chinese purchases and ample US supply framed the market outlook.

Traders are watching for China to step up purchases.

Sources

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