After China booked an unprecedented 20 million tonnes of soy from the United States in the current marketing year, or 70 percent more than last year
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Wednesday, January 6, 2010
Breaking News- RTRS-China's orders for U.S. soy seen as overexuberant
BEIJING, Jan 5 (Reuters) - Exuberant U.S. soy shipments to China could collapse in the face of waning demand and strong supply and some buyers could cancel orders in the next few months, traders said on Tuesday.
After China booked an unprecedented 20 million tonnes of soy from the United States in the current marketing year, or 70 percent more than last year, sellers are counting on an even stronger Chinese appetite this year, with the worst of the financial crisis widely thought to have passed.
After China booked an unprecedented 20 million tonnes of soy from the United States in the current marketing year, or 70 percent more than last year