Soybeans Reach Six-Week High as China Imports Seen at Record
This article is for subscribers only.
Soybeans reached a six-week high in Chicago amid speculation demand for oilseeds from China, the world’s largest buyer, will climb to a record this season.
China’s oilseed imports are forecast to rise to 65.3 million metric tons in the year through September from 63.1 million tons in 2011-12, researcher Oil World said yesterday. Soybean buying will increase to 62 million tons from 59.2 million tons, it predicted.