* China will implement phase 1 trade deal with U.S. – COFCO exec

* China needs to use huge soybean stocks from May-Sept -COFCO exec

* Bad soybean crush margins to remain – COFCO exec

* China’s soybean imports in 2019/20 seen at 87.50 mln T -exec

* U.S. imports to be 13.70 mln T -exec

* Brazil imports to be 63.73 mln T -exec (Adds more comments, background, graphics)

(successfulFarming)

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