Chinese soybean buyers are asking sellers from the United States to delay soy delivery from July to August. This was reported to Reuters by two sources familiar with this issue.

China's imports of soybeans from the United States virtually ceased in the second half of 2018. However, during a temporary trade ceasefire from December last year to March of this year, Beijing managed to buy about 14 million tons of soybeans from American farmers.

More than 6 million tons of cargo was immediately sent to China, but another 7 million tons purchased before the negotiations ended in May needed to be delivered in July. But Beijing asked to postpone delivery until August. The Chinese side declined to comment on the reasons for such a request.

According to sources, postponing delivery to August is not a serious problem for the United States, but any further delay will be problematic, since picking a new crop in the US in September should lead to an increase in stocks and lower prices.

According to traders, China will receive heavy fines if it tries to cancel orders, and it still needs soybeans.

Recently, a decision was made in China to accumulate the remaining US soybean cargo in anticipation of shipment, rather than distributing it for immediate sale as a feed ingredient.