Breaking News-RTRS-UPDATE 1-China seen selling small amount of soy reserves

BEIJING, June 2 (Reuters) - China's state grains agency Sinograin is likely to release a small amount of its imported soybean reserves under a rotation programme to profit from rising soybean prices, dealers said on Tuesday.
Dealers were not clear on the amount but said some port warehouses holding reserves of imported soybeans planned to release a small volume because the cost of imported soybeans was expected to pick up this month after a price rise on the Chicago Board of Trade