date:Mar 06, 2013
Despite reports Tuesday morning of large export sales of soybeans to China, consensus is that such U.S. sales will grind to a halt by about mid-May when cheaper Brazilian supplies temporarily take over the export market, said Rich Nelson, chief strategist for Allendale, Inc., McHenry, Ill.
News Tuesday that the U.S. sold 330,000 tonnes of soybeans to unknown destinations in 2012-13 presumed to be China and 345,000 tonnes to China for 2013-14 was representative of a short-term window a lit