Chinese Whispers

"Forget China, they've closed the book, they won't be importing any more US soybeans mark my words, they've got huge stockpiles of their own, they'll be cancelling soon etc..."

The USDA have just announced old crop sales of 113,000 MT to guess who?

That's old crop getting even tighter still, meanwhile wet and cool US conditions might not be harming the crop, but they won't be speeding it up will they?

I wouldn't want to be short August or September beans at the moment.