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Soybeans Slide on Demand Hopes

USDA: Private exporters sold 108,860 tonnes of U.S. soybeans to Mexico

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U.S. soybean futures rose for a second straight session on Thursday, underpinned by expectations of increased demand for North American supplies, reports Reuters.

China, the world’s biggest soy importer, has been buying competitively priced soybeans from Brazil but has also booked some U.S. cargoes in recent weeks.

The USDA said private exporters sold 108,860 tonnes of U.S. soybeans to Mexico.

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