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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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.
