Offers for Soybean Meal in Lingyunhai and Bunge(Rizhao) on September 29th
Cofeed News: today(on September 29th), October contract for soybean meal spots with 43% protein content upon delivery in Lingyunhai, Rizhao, stays at 2,910 yuan/tonne, 2,900 yuan/tonne upon transaction, yet prices are negotiable. Basis settles at M1801+80 from November to January, remaining firm. Lingyunhai is now starting up, processing 4,000 tonnes soybeans each day and delivery is set to be limited.
Bunge offers M1801+70 for soybean meal(43% protein content) in Bunge, Rizhao from October to January in 2018 with a decline of 10 yuan/tonne, M1805+70 for basis upon delivery from April to July in 2018. About 10,000 tonnes soybean meal were sold yesterday upon M1801+80(N-J). 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.
