China canceled some old-crop soybean purchases. In its weekly export sales report, USDA announced that net sales to China last week totaled a negative 112,600 tonnes. There was also a cancelation in the unknown category, which may also be China. This was the first week of negative sales to China this crop year. Last year, China continued to buy U.S. soybeans up to June when the Argentine farmer strike limited that country's ability to fill sales. USDA reported a week of Chinese cancellations in June 2008. While there were some old-crop sales to China after that date, net amounts were minor. The news basically marked the end of Chinese old-crop buying, which is a possibility for 2009. See Market Planner inside for our latest advice.