China Stepping Up Soy Auctions as It Buys More Beans From US
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Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000China is selling large volumes of soybeans from its state reserves, as it steps up purchases from the US to fulfill an apparent agreement between the two countries in late October. Beijing often auctions soybeans to manage and rotate supplies from its substantial state reserves, but these are the first sales since it resumed buying from the US following the trade truce with Washington.