Chinese soybean imports are normally like a relay race this time of year, with the U.S. handing to baton off to Brazil, which floods the market with new crop supply. This year the action is more like a tag team match according to the latest data out overnight from China. Both the U.S. and Brazil exported their crops to the world’s largest customer as China started buying from the U.S. again. That helped offset some of the weakness caused by lack of new sales to China last week.

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Bryce Knorr first joined Farm Futures Magazine in 1987. In addition to analyzing and writing about the commodity markets, he is a former futures introducing broker and is a registered Commodity Trading Advisor. He conducts Farm Futures exclusive surveys on acreage, production and management issues and is one of the analysts regularly contracted by business wire services before major USDA crop reports. Besides the Morning Call on www.FarmFutures.com he writes weekly reviews for corn, soybeans, and wheat that include selling price targets, charts and seasonal trends. His other weekly reviews on basis, energy, fertilizer and financial markets and feature price forecasts for key crop inputs. A journalist with 38 years of experience, he received the Master Writers Award from the American Agricultural Editors Association.