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China's October Imports Soar

Country brought in 8.69M tonnes of oilseed in October, up from 6.18M tonnes from previous year

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China’s soybean imports jumped 41% in October from a year ago, according to data from the General Administration of Customs released on Saturday, as delayed Brazilian cargoes cleared customs and U.S. soybean arrivals grew.

Reuters reports the world’s top soybean importer brought in 8.69 million tonnes of the oilseed in October, up from 6.18 million tonnes in the same month of the previous year, as crushers booked Brazilian beans earlier on good crush margins and as more U.S. beans started to flow in, the data showed.

The figures were down from 9.8 million tonnes in September, as shipments from Brazil started to dwindle with the harvest season in South America approaching an end.

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