The USDA says China bought more than 100 million bushels of new crop U.S. soybeans during the week ending August 6th. China was also the biggest buyer of old and new crop sorghum and new crop cotton, while also buying 1,900 tons of U.S. beef, but cancelling on 8,800 tons of pork. Corn and wheat sales were within pre-report estimates and soybean oil notched a marketing year low. The U.S. and China are scheduled to discuss the Phase One trade deal this weekend.

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