Friday, July 3, 2009

Breaking News-RTRS-ANALYSIS-China grapples with plentiful soy, imports to slow

SINGAPORE/BEIJING, July 2 (Reuters) - The seasonal post-summer pick-up in Chinese soybean imports may fail to materialise this year as Beijing looks set to disgorge some of its record inventories ahead of the autumn harvest.
While most grain traders remain bullish on demand from the world's biggest buyer of soybeans as its economy accelerates, slower purchases following the end of Beijing's stockpiling campaign this week may be more prolonged and pronounced than anticipated.