Spots Offers for Jiusan Soybean Meal Are Buoyant in Liaoning on September 21st
Cofeed News: affected by an impressive rising in commodity market and soybean export demands, beans in US trading ended the day higher yesterday, accordingly, soybean meal futures in DCE today also meet moderate rebounds. Today(on September 21st), Jiusan in Dalian, Liaoning offers 3,000 yuan/ton for soybean meal(43% protein content) spots, up 20 yuan/ton against yesterday’s 2,980 yuan/ton, yet prices are negotiable and the basis stops to quote. The spread for soybean meal(45% protein content) is +110 yuan/ton, +30 yuan/ton for soybean meal of larger slices. About 10,000 tons soybean meal(43% protein content) were sold out yesterday when pricing 2,960 yuan/ton upon transaction. Approximately, 5,000 tons soybean are processed each day by two-line operation where delivery of goods is restricted and invoicing is paused for the moment.
