Spots Offers for Jiusan Soybean Meal Continue to Be Buoyant in Liaoning on September 22nd
Cofeed News: affected by technical buying and stronger-than-expected exports in US, US soybean and soybean meal continued to end the day higher last night, accordingly, soybean meal futures in DCE today rebound moderately going forward. Today(on September 22nd), Jiusan in Dalian, Liaoning offers 3,040 yuan/ton for soybean meal(43% protein content) spots, up 40 yuan/ton against yesterday’s 3,000 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. No transaction was made yesterday for soybean meal(43% protein content). 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.
