China to release soybeans, soy oil from central reserves to boost supplies

The first month CFR China soybean physical flat price crossed the $700/mt mark for the first time since 2018, when it was assessed at $700.06/mt at the Asian close on Feb. 22, Platts data showed. The spike was fueled by rising freight rates, which were driven by higher crude oil markers on the back of the escalation in Russia-Ukraine tensions,…