Soybean prices extended gains in Chicago, returning above $12 a bushel, even as the key Wasde report, after the US revealed a hefty export sale to China, confirming talk last week of buying interest.
Chinese buyers purchased 713,000 tonnes of US soybeans for 2013-14, the US Department of Agriculture revealed through its daily alerts system.
The USDA also unveiled a further sale of 140,000 tonnes of new crop soybeans, as well as a 252,153-tonne purchase of US corn by Mexico, which has been prompted by drought to lift its advance orders.
The purchase by China follows market talk last week that the country had made significant purchases, beyond the 110,000 tonnes announced last Tuesday, and a further 220,000 tonnes on Wednesday, although market rumour had talked of some 10 cargoes, or about 500,000-600,000 tonnes.
Indeed, Monday's announcement takes above 1.0m tonnes China's purchase of US soybeans as announced through the daily reporting system in the last week.
And it means that China has already ordered at least 12.7m tonnes of US soybeans for 2013-14.
As of August 9 last year, China had purchased 10.7m tonnes of new crop soybeans.
China's soybean purchases are being particularly closely monitored amid talk of further sales from state stockpiles, and with many observers sceptical that its overall soybean imports will rise 10.0m tonnes in 2013-14 to hit 69.0m tonnes, as the USDA predicts.
Soybeans for November delivery hit $12.11 a bushel in morning deals in Chicago, before easing back to $12.04 a bushel as of 10:45 local time (16:45 UK time).
November soybeans last week hit a 14-month low of $11.62 ½ a bushel.