China Oilseeds and Products Update August

Post’s MY13/14 soybean production forecast at 12 million tons, rapeseed at 13.2 million tons and peanuts at 16 million tons remains unchanged from the July report. The government continues to offer soybean stocks at auction but purchases remain weak perhaps indicating lower quality of older stocks. Post’s forecast for MY13/14 soybean imports remains stable at 67.5 million tons