Offers for Fuzhiyuan Soybean Meal Drop Slightly in Dongguan on September 26th
Cofeed News: it’s said that higher-than-expected soybean yield in early harvest is registered in central and western regions in China, besides, rains are expected to come in Brazil. US soybean prices were plunged last night, the same trend going to soybean meal prices in DCE today. Given that, Fuzhiyaun settles 2,920 yuan/tonne for November soybean meal(43% protein content) contract upon delivery, with a decline of 10 yuan/tonne against yesterday’s 2,930 yuan/tonne, yet prices are negotiable. 1,000 tonnes were sold out yesterday when offered 2,920 yuan/ton upon transaction. Fuzhiyuan factory is now starting up.
