Cofeed News: today(on September 19th), the price for soybean meal spots with 43% protein content in Bohi, Qingdao stays at 2,850 yuan/ton, yet transaction price turns to be 2,820 yuan/ton, remaining stable over yesterday. About 20,000 tons were sold out yesterday when offered 2,810-2,820 yuan/ton. About 10,000 tons of soybeans are processed everyday with two-line operation opened in Bohi.
Today(on September 19th), basis between November to December stabilizes at M1801 +70 for soybean meal(43% protein content) in Lingyunhai, Rizhao, which keeps stable. Lingyunhai is now starting up, processing 4,000 tons soybean each day.
Today(on September 19th), Xinbang in Rizhao offers M1801+70 for soybean meal(43% protein content) as its September basis upon transaction,which keeps stable. Xinbang is now starting up, processing 3,000 tons soybean each day.
Today(on September 19th), basis upon delivery for soybean meal(43% protein content) in Bunge, Rizhao stays at M1801+70 from October to January in the following year, which remains stable; average basis upon delivery from February to July in 2018 is M1805+100 . Bunge is now starting up, processing 3,000 tons soybean each day.
Today(on September 19th), basis upon delivery for soybean meal(43% protein content) in Chinatex, Rizhao stays at M1801+70 from October to December, which remains stable. Chinatex is now starting up, processing 4,000 tons soybean each day.
Today(on September 19th), basis upon delivery for soybean meal(43% protein content) in Lanshan, Rizhao stays at M1801+80 from October to December, which remains stable.
Today(on September 19th), no prices are reported in Henglong, Rizhao for soybean meal. Henglong stops operation from September 16th , yet the boot time is unknown.
US soybean continues to fall from last night, however, soybean meal futures in DCE today rise slightly. With mild fluctuations in futures market, stocks in oil refineries remain stable for the time being.
