Reports out of Brazil indicate farmers' sales of new crop soybeans this year far exceed those of a year ago because of their perceptions regarding the U.S. dollar versus the real. Chinese Importers Agree to Purchase 13.18 MMT of Soybeans Chinese soybean crushers, including major companies such as COFCO, Sinograin and the Sunrise Group, signed 24 agreements with American exporters in Des Moines, Iowa today for the purchase of 13.18 MMT of U.S. soybeans. Most of the agreements were for shipment in 2015/16, but others were for 2016/17. While there were some firm sales in the deals, many were frame contracts with the terms to be worked out later. It is likely some of the confirmed sales will be announced tomorrow by USDA.The announced purchas...