Breaking News-RTRS-China shifts to new US soy crop on low prices-survey

BEIJING, July 2 (Reuters) - Importers in China, the world's largest soy buyer, have shifted their purchasing interests to the cheap new U.S soy crop after tight supply of old crops in the U.S. drove up near-month prices at the Chicago Board of Trade (CBOT) <0#S:>, a think-tank report said.
"The highest price difference between July and November contracts (of CBOT) has turned soy buyers to forward-month cargoes," said the China National Grain and Oils Information Center (CNGOIC) in a report.