China sold out 198,976 metric tons (MT) or 39.66 percent of the 501,652 tons of state reserve soybeans available at an auction on Thursday, according to the National Grain and Oil Trade Center. Average trading prices stood at 3,909 yuan per ton (US$638 per MT), compared with 3,894 yuan per ton [US$636 per MT] at the previous reserve soybean auction held a week earlier…Full-text article: BlackSeaGrain Aug 2013

Key point

  • According to the article, in Aug 2013, soybean imports at domestic ports ranged from CNY 4,120 to 4,140 per MT (US$672 to 676)

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