Uncertainty Surrounds Chinese Soybean Purchases

Much has been made in recent weeks about the possibility Chinese businesses may have overbooked soybean needs and may end up reselling or cancelling a portion of those purchases.

Given the way the soybean market is currently structured, it’s not difficult to see the possibility China has overbooked soybean imports.

It’s lost on many that China has been a heavy importer of soybeans starting last May. China...

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