Export inspections of U.S. #soybeans last week were above expectations and included 1.82 mmt to #China and 30,509 t to #Brazil. Some 203kt #corn were inspected for China. #Wheat inspections fell to +2% YOY from +4% a week earlier.

#China imported 8.69 mln tonnes of #soybeans in October, some 26% more than 2018's record for the month. Many delayed arrivals from #Brazil finally cleared, but U.S. cargoes are on the rise. 

Jan-Oct total = 83.2 mmt (3.06 bln bu), +8% on 2017's high for the period.

            After Joe Biden election win, China will seek to renegotiate trade deal, Beijing advisers say        

 https://www.scmp.com/economy/china-economy/article/3108979/after-joe-biden-election-win-china-will-seek-renegotiate

• Donald Trump’s phase one trade deal seen as ‘twisted’ in Beijing, leading insiders to predict an attempt at renegotiation under Joe Biden
• But US trade experts say it is unlikely Biden can do anything that could be construed as being soft on China