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Published May 29, 2012, 08:42 AM

China's soybean situation

Soybean export sales were in the middle of the range of estimates. Palm oil prices firmed up in Malaysia after a recent string of lower prices. The trade is still dealing with rumors of cancellations, but no confirmations. The Inspection and Quarantine Department in southern China at the port of Guangxi has said that it discovered a recent cargo of soybeans from Brazil contained live worms. The cargo was approved for offloading, and there is no word yet on how the government intends to deal with the trader or Brazil.

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