bushel

Brazil alone has shipped around 2.5 billion bushels to China this year, while U.S. exports have been relatively small, she noted.

Some farmers who have already sold bushels from this year’s crop are facing financial losses.

China’s purchase of 257 million bushels of Argentina soybeans represents one quarter of that country’s soybean and soybean meal production.

China bought several cargoes from U.S. grain handlers earlier this week, with each shipment holding about two million bushels of soybeans.

From January through August of this year, Chinese buyers purchased just over 200 million bushels of U.S. soybeans, compared with almost 1 billion bushels over the same period last year.