Summary: The news that China is buying soybeans from the U.S. for the first time in months failed to inspire the commodity markets. According to Reuters, the White House has delayed additional market facilitation payments because it anticipates new sales to China. For the week, March wheat was flat and the nearby corn contract fought a see-saw battle to finish nearly even. Orders from China’s two major state-owned companies have yet to put a fire under the soybean market as the January contract fell 16 cents. The January meal contract dropped $3.90 per ton.
