China buys the soybeans dip

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China loans up

Reuters reports that China has bought at least eight cargoes of US soybeans today. They are mostly for October delivery.

The report notes that they had previously booked 3.05 mt and this would add at least 0.48 mt more.

Prices of soybeans on the front month fell 7% yesterday but have bounced back 5% today.

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