Tuesday, September 15, 2009

China import soy forcasted to decline in Oct

The China National Grain and Oils Information Centre reported China import soy bean expected to fall in Oct with estimated around 1.8-2 million tons from 2.8 million in sept lowest since sept 2007.

Commentary: another bearish for soybean price in short term.As you know China demand for crushing around 3 million ton per month. The reduction import soybean lead China soy stock become lower .

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