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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: Snowshoe who wrote (55448)	9/25/2009 2:08:32 AM
From: elmatador	1 Recommendation Read Replies (1) \| Respond to of 218050

No. They do serious research. Already asked if Experiment would like to go to agricultural college. "What? and step on cow pooh?. No!"

To: Snowshoe who wrote (55448)	9/25/2009 12:49:24 PM
From: elmatador	Read Replies (1) \| Respond to of 218050

"China has no water. What we are doing essentially is importing water in the form of soybeans and grains." This year China is expected to import about 40 million tonnes of soybeans, mainly from the United States, Brazil and Argentina. The volume of imports dwarfs China's own harvest of around 15 million tonnes. Noble sees big rise in China's need for soy imports Thu Sep 24, 2009 12:46am EDT Email \| Print \| Share\| Reprints \| Single Page[-] Text [+] Market News Wall Street little changed by data, but RIM hits Nadsaq \| Video Oil rises above $66; Iran tension supports RIM seen facing increased market-share pressure More Business & Investing News... By David Stanway BEIJING, Sept 24 (Reuters) - China's soybean imports are set to rise substantially in the next few years, an executive at commodity trader Noble Group (NOBG.SI) said on Thursday. Jaime Teke, global head of structured finance at the firm, which this week agreed an $850 million equity investment from Chinese sovereign wealth fund CIC, said China had little room to increase its own soybean crop. "We don't see the conditions are right here in China," he told Reuters on the sidelines of the Latin America China Investors Forum in Beijing. "One of the big problems is irrigation. Definitely, imports of soybeans from Brazil and Argentina will rise substantially. "China has no water. What we are doing essentially is importing water in the form of soybeans and grains." Noble has two soy crushing plants with 3 million tonnes of capacity in China, around 12 percent of the market, Teke said. Despite the deal with China Investment Corp, which now holds 14.5 percent of the trading company, Noble is not yet planning to expand its soy business in China, the world's biggest importer of the crop. "We would like to expand but we're not allowed to," Teke said. This year China is expected to import about 40 million tonnes of soybeans, mainly from the United States, Brazil and Argentina. The volume of imports dwarfs China's own harvest of around 15 million tonnes. Teke declined to comment on the CIC deal. (Editing by Chris Lewis)