Tidbits, Soybeans Sales, Crop Progress & Estimates, SNAP Funding 11/5/25
- Wright team
- 6 hours ago
- 4 min read
Tidbits
The price of U.S. beans at the Gulf plus freight to China was $496 per mt on Friday, while beans from Brazil plus freight to China were $494. Monday evening, Gulf beans plus freight to China were $510 and Brazil beans were $492.
China reportedly bought seven Panamax shiploads of U.S. soybeans last week, the first U.S. beans to China this year. Over the weekend, China bought 20 shiploads of beans from Brazil.
Thus, China has bought about 420,000 mts of U.S. beans and has 11.58 million mts to go before the end of January to fulfill the deal they made last week. Brazil will have new crop beans to export in January and those beans are highly likely to be substantially cheaper than U.S. beans. Why did China not buy 20 shiploads of U.S. beans over the weekend?
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