date:Dec 27, 2012
lseed traded in Chicago to slide 4.2 percent in the period.
China cancels U.S. soybeans but still strongly depends on U.S. exports until March, Oil World wrote. It can indeed be argued that China cannot cover its import requirements if the canceled orders are not at least replaced or even supplemented with additional purchases.
The U.S. may ship 23 million tons of soybeans to China in 2012-13, similar to the 23.1 million tons sold the previous year, according to Oil World.
China is predicted