Offers for Fuzhiyuan Soybean Meal Continue to Drop Slightly in Dongguan on September 27th
Cofeed News: affected by technical selling and the progress in harvest, along with pressing higher-than-expected soybean yield, US soybeans prices continued to slump last night, the same trend going to soybean meal prices in DCE today. Given that, November soybean meal(43% protein content) contract upon delivery are lowered to 2,910 yuan/tonne by Fuzhiyaun with a decline of 10 yuan/tonne against yesterday’s 2,920 yuan/tonne, yet prices are negotiable. No transaction was made yesterday when offered 2,920 yuan/ton upon transaction. Fuzhiyuan factory is now starting up.
