Soybean Meal Prices Continue to Hike in Qingdao, Shandong 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. Today(on September 22nd), prices for soybean meal spots with 43% protein content in Bohi, Qingdao are lifted to 2,900 yuan/ton, a rise of 30 yuan/ton over yesterday’s 2,870 yuan/ton, yet prices are negotiable upon transaction. About 7,000 tons were sold out yesterday when pricing 2,860 yuan/ton. About 10,000 tons of soybeans are processed everyday with two-line operation opened in Bohi, particularly, operation in Bohi will be continued during national holidays.
