Monday, June 22, 2009

Breaking News-RTRS-China seen selling soy reserves in July, Aug -survey

BEIJING, June 19 (Reuters) - Chinese crushers did not increase soy imports much this week, anticipating ample supplies until August when a possible release of state soy reserves could make up for lower imports, according to an official think-tank.
The expectation on state sales by the China National Grain and Oils Information Center (CNGOIC) was reflected in prices on the Dalian soy futures market <0#DCC:>, which failed to follow the strong gains at the Chicago Board of Trade <0#S:> over the past week.