Monday, July 13, 2009

RTRS-China demand for new US soy crop seen robust-survey

BEIJING, July 10 - China's purchases of cheap new U.S soy crop are seen remaining robust in coming weeks after the fall in Chicago Board of Trade (CBOT) prices this week, according to a think-tank.
Purchases are remaining as high as the previous week when China booked 700,000 tonnes for the 2009/10 marketing year as reported by the U.S Department of Agriculture, the China National Grain and Oils Information Center (CNGOIC) said in a report.