Markets

Soybeans sprout on trade spat

(China Daily)
Updated: 2010-04-15 09:44
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Soybean futures rose to a seven-week high on speculation a trade dispute between China and Argentina will persist, pushing the Asian nation to boost purchases of beans from the United States to meet rising demand.

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Soybeans sprout on trade spat China's monthly soybean imports may climb to record
Soybeans sprout on trade spat Soybean prices scale new peak
Soybeans sprout on trade spat Soybean imports squeeze market share
Soybeans sprout on trade spat Soybean imports set to rise

July-delivery soybeans rose as much as 0.5 percent, to $9.805 a bushel on the Chicago Board of Trade, the highest price for a most-active contract since Feb 23. It traded at $9.775 a bushel at 2:24 pm Singapore time.

Soybean imports by China are forecast to climb to the highest ever for a single month in May after crushers increased buying, the China National Grain and Oils Information Center said. Imports may rise to as much as 5.5 million tons in May.

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