Prices for Cargill Soybean Meal in Nantong, Jiangsu are Buoyant on September 29th
Cofeed News: today(on September 29th), October basis for soybean meal(43% protein content) in Nantong, Jiangsu is M1801+120, up 20 yuan/tonne; M1801+80 for that from November to January in the following year, up 10 yuan/tonne. The spread for soybean meal(46% protein content) is +150, and no transaction was made yesterday upon such basis. An unexpected machine halt yesterday for insufficient soybeans has been solved, so operation is back to normal today. Notably, it will continue operation during national holidays. Three ships have arrived in the factory in September, namely, one in early September and on September 14th and 25th respectively.
