Wednesday, February 25, 2009

Breaking News-RTRS-China's US soybean purchasing may drop - Oil World

HAMBURG, Feb 24 (Reuters) - Heavy recent Chinese soybean buying, especially from the United States, may start to decline as Chinese domestic prices are falling, Hamburg-based oilseeds analysts Oil World forecast on Tuesday.
Prices on the Chinese soy market have recently been held stable by the government's policy of building up stocks and making major import purchases to cushion the impact of lower than expected domestic production following China's drought, it said.