Monday, January 18, 2010

Breaking News-RTRS-China Jan soy imports seen high at 4.5 mln T-CNGOIC

BEIJING, Jan 15 (Reuters) - China's soy imports in January are likely to stay strong at about 4.5 million tonnes after monthly imports hit a record in December at 4.78 million tonnes, according to an official report.
Falling prices on the Chicago Board of Trade <0#S:> soy could prompt Chinese buyers to increase purchases from South America in coming weeks after they booked more than 20 million tonnes from the United States, said the China National Grain and Oils Information Centre (CNGOIC).