China continues to make headway towards meeting purchase obligations in the Phase One trade agreement. The USDA says China was the biggest buyer of U.S. pork, wheat, cotton, and old and new crop corn, sorghum, and soybeans during the week ending August 27th, also purchasing U.S. beef. The USDA’s next set of supply and demand estimates is out September 11th.

Physical shipments of corn, sorghum, soybeans, and wheat were less than what’s needed to meet USDA projections for the current respective marketing years.

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