US exporters cancel soybeans orders from China

Friday, 19. October 2018 15:30

Private exporters of soybeans in the United States have canceled an order of 180,000 metric tons from China during the 2018/2019 marketing year and reported the decision to the US Department of Agriculture on Friday. The marketing year began on September 1.

Additional 120,000 metric tons of soybeans set for delivery to unknown destinations in 2018/2019 marketing year was canceled as well, the USDA said.

The decision comes after the announcement of the meeting of United States President Donald Trump and his Chinese counterpart Xi Jinping on the sidelines of the G20 summit in November in Buenos Aires.

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Breaking the News / NI