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China Importing More Beans

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China could import a record amount of soybeans this year.
Climbing soymeal demand could increase China's imports to as much as 85 million metric tons of soybeans for the 2015-2016 marketing year according to the China National Grain and Oils Information Center.
That would be an increase of 9 percent from last year.
Feed mills are relying on soy products to replace other protein sources like rapeseed, cottonseed, and distillers dried grains. However, production of rapeseed and cotton are expected to fall sharply this year and U.S. DDG imports are under investigation in China.
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