Latest Quotes for Imported Soybean at Shandong Ports on September 19th
Cofeed News: today(on September 19th), Dongjiakou port in Qingdao, Shandong prices 3,400 yuan/ton for PNW soybean in bulk by Shaoshan ships, remaining flat over yesterday; with some PNW soybean pricing about 3,370 yuan/ton in bulk; prices for PNW soybean by Gaomi ships are 3,360 yuan/ton in bulk; 3,450 yuan/ton for Gulf soybean in bulk, 3,300-3,320 yuan/ton for Uruguayan soybean in bulk by Yongchun ships, 3,370-3,380 yuan/ton for Argentine soybean, all of which remain flat over yesterday. Prices for imported and distributed soybean remain stable. Affected by commercial inspections at Qingdao port, pressure on the imported and distributed soybean does exist. However, insufficient soybean surpluses at ports props up the prices, in addition, traders are reluctant to sell out in lower prices. Such being the cases, this trend is expected to remain with strong momentum in a short term.
