China soybean reserve auctions continue steadily

China’s national reserve management company will continue to release soybean stocks this Thursday at the same pace as last week but in fewer provinces, according to the National Grain Trade Center. The 500,000 tons of national soybean reserves will be auctioned across six provinces this week as opposed to eight provinces last week. The total volume remains unchanged. This is the third round of auctions of imported soybean reserves this year since the Chinese government announced to destock natio...

 

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