BEIJING/CHICAGO—Chinese commercial importers made new purchases of U.S. soybeans this week, according to two sources, even as up to 2 million tonnes of American cargos were waiting to offload at ports in China as its stockpiler looked for storage room.
Chinese commercial crushers have bought up to 7 cargos of American soybeans this week for December and January shipment thanks to competitive U.S. prices versus South American prices and good crush margins in China, said two traders familiar with the matter.
