China on a Soybean Buying Spree The smaller soybean crop in South America clearly has gotten the attention of Chinese soybean buyers. To make sure they get the soybeans they need for the remainder of this year, Chinese crushers have stepped up their U.S. soybean purchases for shipment in the current and next marketing year.Today's USDA export sales report indicated U.S. porters last week sold 117,300 MT of U.S. soybeans for shipment to China in the current marketing year and an additional 675,000 MT for shipment in the 2012/13 marketing year. In addition, exporters made sales of 147,500 MT of old crop soybean sales and 394,000 MT of new crop sales to unknown destinations. Most likely some of those sales are to China as well.This week USD...