Business was dead until January, but then it picked up later in the year after the goodwill purchases began in December. Usually it's the opposite - not many U.S. #soybeans tend to sail to #China in the 2nd half of the marketing year.
·
#China wasn't alone in lifting Q4 exports. USA shipped 5.46 mmt of #soybeans to other destinations in Jun-Jul-Aug, well off last year's 9.4 mmt but 2nd highest all time. Leaders: China 6.34 mmt#Mexico 1.25 mmt Indonesia 0.68 mmt Japan 0.51 mmt Egypt 0.37 mmt
Export sales reported Thursday morning. Massive beans!