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China Has Saturated Soybean Market

U.S. beans are more expensive than Brazil supplies

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Beijing’s nod to state-owned companies to start buying U.S. soybeans again to help placate its top trading partner may turn into a test of government will over market forces, reports Reuters.

A bean buying spree right now would be painful for well-stocked Chinese end-users and traders, according to interviews with five executives at major trading houses and processors, particularly as U.S. beans are more expensive than supplies from rival Brazil.

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