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China’s Imports of Soybeans Rebounding in Fourth Quarter

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China’s soybean imports are likely to rebound in the fourth quarter, as seasonal demand rises.

China’s imports dropped 13 percent from a year earlier in the two months to July to 15.3 million tons. This was caused by demand from pig breeders declining because of flood damage.

Low sales from state reserves is likely to boost imports from the U.S., and may support benchmark prices in Chicago, which have been pressured by expectations for a record harvest.