Basis for Soybean Meal in Rizhao, Shandong on September 27th
Cofeed News: today(on September 27th), basis stays at M1801+80 from November to December for soybean meal with 43% protein content in Lingyunhai, Rizhao, which remains firm. About 4,000 tons were sold out yesterday when offered 2,900 yuan/tonne contract upon delivery in October, by contrast, 3,000 tonnes were sold out when offered M1801+80(N-D). Lingyunhai is now starting up, processing 4,000 tonnes soybeans each day and the delivery is set to be limited.
