Tidbits, China Purchases, Energy Markets, EU Exports, US PMI 1/7/26
- Wright team
- 17m
- 4 min read
Tidbits
Yesterday morning, the USDA announced the sale of 336,000 mts of old crop soybeans to China.
China’s state stockpiler Sinograin purchased 10 U.S. soybean cargoes this week, totaling about 600,000 mts for March–May shipment, the total U.S. crop purchases are now estimated at 8.5–10 million mts, up to 80% of the 12 million mts Secretary Scott Bessent said China pledged to buy by end-February.
Venezuela’s Stock Market was up 17% on Monday and 50% yesterday after Nicolás Maduro's removal from the country. The financial and energy sectors led the charge, as investors anticipated a swift lifting of sanctions and the return of international banking ties. However, Maduro’s vice president and all his other political leaders are still “running” the country.
The Venezuelan state oil company PDVSA has asked for a number of its domestic producers to reduce oil production to zero amid an almost complete halt in exports, reports Reuters.
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