Quotes for Imported Soybean at Shandong Ports on September 29th
Cofeed News: today(on September 29th), Dongjiakou port in Qingdao, Shandong prices 3,380-3,400 yuan/tonne for PNW soybeans in bulk, 3,360-3,380 yuan/tonne for Argentine soybeans in bulk; 3,350 yuan/tonne for Uruguayan soybeans in bulk, all remaining flat over yesterday. Prices for imported and distributed soybeans keep firm, still, insufficient soybean surpluses 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 domestic soybeans in market later. Notably, such trend is expected to remain with weak momentum in a short term.
