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Podcast: Grain Markets and Other Stuff
Episode: China Just Bought 44 MILLION Bushels of US Soybeans in ONE DAY
Description: Joe's Premium Subscription: www.standardgrain.comGrain Markets and Other Stuff Links—Apple PodcastsSpotifyTikTokYouTubeFutures and options trading involves risk of loss and is not suitable for everyone.🌤️ Markets: Soybeans Surge on China BuyingSoybean futures ripped higher Monday on renewed optimism that China is finally buying US product. Jan26 soybeans jumped about 33 cents to $11.57, the best trade since June 2024.Reuters reported that COFCO bought at least 14 cargoes (~31 mil bu), while Bloomberg pegged the total closer to 20 cargoes. One soybean cargo = ~60,000mt or ~2.2...