U.S. soybean export sales during the week ending December 8th were nearly 3 million tons. The USDA says that was mainly to China and unknown destinations, which could turn out to be China when it’s time for delivery. Demand for U.S. beans from China has picked up this month as Beijing relaxed its zero-COVID restrictions. Beef, pork, corn, and wheat export sales also saw week-to-week improvements. The USDA’s next set of supply and demand estimates is out January 12th.
