China has sold 127,000 tons of soybean from its State reserve to the local market this week. The auction offered 600,000 metric tons at an average price of 493,48 USD/tonne. It also beans from the crop were in 2012 and 2013.
In its second auction of maize this year a relatively major stake of the State stocks was no earlier this week, corn from the harvest was offered in 2013. 527.000 tons were sold, however, were also 2.8 million tons at an average price of 245,31 USD/ton in the offer.
