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China’s soybean imports in 2021 declined 3.8%, attributed to poor hog and crush margins, but recovered somewhat in December, according to Jim Warren of CHS Hedging.

Some estimate world soybean trade near 166.5 mmt vs 161.4 last year, while. 2022/23 trade is estimated near 167.0. Of the total, US is 55.8 vs 61.6 last year, according to Steve Freed of ADM Investor Services.

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