Chinese buyers acquire US soybeans for October-November, traders say

Chinese government buyers purchased at least fourteen cargoes of U.S. soybeans on Friday for shipment in October and November. These purchases include eight cargoes from U.S. Gulf Coast terminals and six from Pacific Northwest ports. The total volume of this sale is at least 840,000 tonnes, representing one of China's largest single-day soybean purchases this month. China, the world's top soybean importer, resumed buying U.S. soybeans in late June. Previously, China had reduced its purchases of American soybeans for much of the past year due to a trade dispute with the U.S. and abundant, cheaper supplies from Brazil.