USDA Confirms More Soybean Exports to China and First Wheat Sale

The US Department of Agriculture announced more sales of American soybeans to China along with the first known sales of wheat to the Asian nation.

The USDA in its daily export sales reporting system Thursday said China booked 462,000 tons of US soybeans and 132,000 tons of white wheat. That brings the volume of soybeans sold to China since Oct. 30 to 1.8 million. Traders now are watching for further signs of buying, with officials in Washington estimating Beijing’s pledge at 12 million tons of US soybeans by the end of this year.

Soybean futures fluctuated in Chicago, turning lower ...