There was a lot of good prospect news indicated that huge demand of soybean from China . This week export inspection reach new high since 1997 at 73.8 million bushels. Accumulation soybean inspections to date is 32.5% of the USDA's projected for this marketing year better than 5 year average of 28.5%. Inspection average required 21.5 million bushels per week to reach the USDA's projection for this year (09/10).
The China's Commerce Ministry has revised their November soybean import to 2.86 million tonnes and December to 2.95 million tonnes that was higher than October import at 2.52 million but lower than trade estimated at 3 - 3.5 million tonnes.
Demand from China still high and it's still a support factor for US soybean price.
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