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News 2026-09-22 09:24 UTC

China's Sinograin plans second soybean auction ahead of Trump-Xi summit

China's state stockpiler Sinograin announced its second large-scale auction of imported soybeans in September, offering 514,000 metric tons produced between 2022 and 2024. Sinograin previously sold 62.4% of 543,000 tons offered on Tuesday. Traders believe these sales are to free up storage for expected US soybean arriv