U.S. soybean export sales build as China buying accelerates.

U.S. soybean export sales have been languishing for much of the summer following a record-shattering Brazilian crop, but demand for U.S. shipments is gathering pace, led by renewed demand from top importer China. Export sales last week handily topped trade expectations, surging to the second-highest level so far this year, and sales to China exceeded the previous three weeks combined. Chinese importers are now turning to U.S. shipments that are priced at least $12 per ton below cargoes loaded at Brazil’s Paranagua port for September through November shipment.