Sinograin Sells Half of Imported Soybeans in Largest Auction Since January
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Insights by Echo AI
Chinese state-owned Sinograin sold approximately half of the 504,000 metric tons of imported soybeans offered in its largest auction since January. The sale, averaging 4,033 yuan (US$597.81) per metric ton, was primarily driven by traders seeking to restock their supplies, as deliveries are scheduled from September to November.
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