Offers for Soybean Meal in Rizhao, Shandong Pick up Slightly on October 10th
Cofeed News: today(on October 10th), prices for soybean meal spots with 43% protein content in Lingyunhai, Rizhao are increased to 2,950 yuan/tonne($447), a rise of 30 yuan/tonne over yesterday. About 3,000 tonnes soybean meal were sold out yesterday when offered 2,920 yuan/tonne($442) upon transaction, 9,000 tonnes for basis M1801+90 on N-J delivery. The spread for soybean meal with 46% protein content is +180 yuan/tonne(+$27/tonne). Lingyunhai is now starting up, processing 4,000 tonnes soybeans each day.
Prices for soybean meal spots with 43% protein content in Chinatex, Rizhao are increased to 2,920 yuan/tonne($442), a rise of 10 yuan/tonne over yesterday. About 20,000 tonnes soybean meal were sold out yesterday when offered 2,910 yuan/tonne($441) upon transaction.
