China tightens import specifications on U.S. soybeans
U.S. soybean shipments arriving at Chinese ports containing up to 1 percent of foreign material would be expedited while shipments with more than 1 percent could be held back for testing, according to Will Wepsala, a spokesman at USDA's Animal and Plant Health Inspection Service.
Quality specifications for No. 2 yellow soybeans - the variety most common in U.S. export contracts - allow for up to 2 percent foreign material.
The more stringent standards will be another headache for U.S. grain handlers already facing dwindling profit margins due to record global soybean supplies.
China requested the change in specifications due mostly to concerns over weed seeds in U.S. cargos, Wepsala said. ■