Cofeed News: soybeans drop slightly in Asian electronic trading, the same case for soybean meal prices in DCE today. Today(on September 28th), the offer for soybean meal spots with 43% protein content in Bohi, Qingdao is reduced to 2,930 yuan/tonne, 2,900 yuan/tonne upon transaction with a decline of 20 yuan/tonne over yesterday. Overall, 10,000 tonnes of soybeans are processed everyday with two-line operation opened in Bohi, notably, operation will be continued during national holidays in Sector 2, but a machine halt in Sector 1 will be projected on October 5th yet with an overhaul on 7th and 8th.
Today(on September 28th), the basis(N-D) for soybean meal spots with 43% protein content in Lingyunhai, Rizhao, stays at M1801+80, remaining steady. Lingyunhai is now starting up, processing 4,000 tonnes soybeans each day and delivery is set to be limited.
Today(on September 28th), the basis(N-D) for soybean meal spots with 43% protein content in Lanshan, Rizhao, settles at M1801+90. Lanshan is now starting up, processing 6,000 tonnes soybeans each day.
Today(on September 28th), spots basis settles at M1801+130 for soybean meal(43% protein content) in Bunge, Rizhao, M1801+80 for basis upon delivery from November to January in 2018. Bunge is now starting up, processing 3,000 tonnes soybeans each day, notably, operation will be continued during national holidays and delivery is set to be limited.
Today(on September 28th), Chinatex offers 2,900 yuan/tonne for soybean meal(43% protein content), where 2,880 yuan/tonne upon transaction. Basis upon delivery stays at M1801+70(N-D) for soybean meal(43% protein content) in Chinatex, Rizhao, remaining stable, where 5,500 tonnes soybean meal were sold yesterday upon such basis. Chinatex is now starting up, processing 4,000 tonnes soybeans each day, notably, operation will be continued during national holidays and the delivery is set to be limited.
