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Spots Offers for Jiusan Soybean Meal Meet Stagflation in Liaoning on October 10th

2017-10-10 www.cofeed.com
    Cofeed News: today(on October 10th), Jiusan in Dalian, Liaoning offers 3,120 yuan/tonne ($473) for soybean meal(43% protein content) spots, keeping flat over yesterday, yet prices are negotiable and the basis stops to quote. The spread for soybean meal(45% protein content) is +160 yuan/tonne, +30 yuan/tonne for soybean meal of larger slices. No transaction was made yesterday for soybean meal(43% protein content). Approximately, 5,000 tonnes soybeans are processed each day by two-line operation. As futures in market suffer from a slump, most buyers hold a wait-and-see attitude for the time being, such being the cases, turnover of soybean meal today will be lessened.