However, sales to #China have stalled in the last 2 months. They have 3.05 mmt on the books and cancelled 43kt in the latest week, not quite a full cargo. Before last year, China usually didn't ramp up purchases of new #soybeans until July/August.
Last June was an unusually early start for #China and many of the bookings were announced in USDA daily sales. In June 2020, some 2.1 mmt of new-crop U.S. #soybeans were flashed to China or unknown. That compares with 1.25 mmt in June 2016.