Thursday, June 18, 2009

Breaking News-RTRS-China back in soy market for South American cargoes

BEIJING, June 17 (Reuters) - Chinese soy buyers have already booked as many as eight cargoes of soybeans from Argentina and Brazil this week, three China-based traders said on Wednesday, signifying the return of the world's largest importer to the market after a slowdown in orders.
The cargoes are due for shipment in August, they said. Eight cargoes would imply about 450,000-480,000 tonnes in the three days of the week. Last August China imported 3.8 million tonnes.