date:Oct 17, 2012
mporter China,traders said.
Chinese buyers were expected to buy more U.S. soybeans forNovember to January shipment as major South American suppliershave sold out until their next harvest in early 2013.
Today's bounce is largely driven by bargain-hunting as endusers are taking this opportunity to lock supplies, saidLynette Tan, analyst at Phillip Futures in Singapore.
Corn supplies are going to be very tight and any dip in priceswill allow importers to buy.
Chicago Board of Trade November soy