Quotes for Imported Soybean at Shandong Ports on September 28th
Cofeed News: today(on September 28th), Dongjiakou port in Qingdao, Shandong prices 3,380 yuan/tonne for PNW soybeans in bulk, 3,400 yuan/tonne for PNW soybeans in bags; 3,450-3,460 yuan/tonne for Gulf soybeans in bags; 3,360 yuan/tonne for Argentine soybeans in bulk, all remaining flat over yesterday. Prices for imported and distributed soybeans keep firm, still, insufficient soybean surpluses amid 3,000 tonnes soybeans are shipped at ports each day and strong willingness of traders to hold out for higher prices continue to prop up soybeans prices. Yet, to some degree, prices for imported and distributed soybeans may be restrained since some new domestic soybeans have entered the market recently before large quantities in market later. Notably, such trend is expected to remain with weak momentum in a short term.
