Offers for Fuzhiyuan Soybean Meal Drop Slightly in Dongguan on October 10th
Cofeed News: US soybeans ended low last night by technical trading, similarly, soybean meal prices in DCE today suffer from a stagflation with downward tendency. Today(on October 10th), the benchmark soybean meal(43% protein content) contract for November delivery are lowered to 2,910 yuan/tonne($441) by Fuzhiyaun with a decline of 10 yuan/tonne against yesterday’s 2,920 yuan/tonne($442), yet prices are negotiable upon transaction. About 500 tonnes soybean meal were sold out yesterday when offered 2,900 yuan/tonne($439) upon transaction. The factory resumes its operation from October 5th.
