The price in spot market of US soybeans dropped on Thursday. Although China continuously buys US soybeans, it may not reassure the worry about excessive supply in the market this year.

The export volume of US soybeans to China dropped greatly, but the output created a historically new high record. The soybean inventory will be extraordinarily large. USDA predicts that the closing inventory of US soybeans in this month will reach 955 million Bushel, which is a new record.

USDA released daily export sales report on Thursday that private exporters sell 204,000t soybeans to China, which will be delivered in 2018/19.