Soy Futures Slide as Traders Worry China May Miss U.S. Buying Target

By Tom Polansek CHICAGO, Nov. 20 (Reuters) – U.S. soybean futures on Thursday extended a setback from a 17-month high reached this week, as confirmation of more Chinese purchases of American supplies failed to spark a new rally. The U.S. Department of Agriculture reported that China bought 462,000 metric tons of U.S. soybeans in the agency’s third consecutive daily soybean sales announcement. So far this week, the USDA has confirmed soybean sales to China totaling more than 1.5 million metric tons. The agency also reported that China bought 132,000 metric tons of U.S. white wheat on Thursday. Last month, U.S….