Economic Calendar

Wednesday, August 5, 2009

China Sells 4% of Soybeans on Offer in Inner Mongolian Auction

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By Bloomberg News

Aug. 5 (Bloomberg) -- China sold 4,300 metric tons of soybeans from state stockpiles in Inner Mongolia, only 4 percent of the oilseed on offer in an auction today, the National Grain & Oil Trade Center said. The auction was the first phase of a government plan to sell as much as 500,000 tons of soybeans via auctions today.




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