Spot Prices for Jiusan Soybean Meal Decline in Dalian, Liaoning on September 12th
Cofeed News: soybean meal in DCE today shows poor impetus to rise up and USDA report will be released tonight.Today(on September 12th), Jiusan in Dalian, Liaoning prices 2,950 yuan/ton for its soybean meal(43% protein content) spots, which remains flat over yesterday, yet prices are negotiable and the basis stops to quote. The spread for soybean meal(45% protein content) is +90 yuan/ton. No transaction for soybean meal(43% protein content) was made yesterday. Though 5,000 tons of soybean are processed each day with two-line operation, inventory pressure still exits since shipments are quite slow.
