Quotes for Imported Soybeans at Shandong Ports on October 17th
Cofeed News: today(on October 17th), Qingdao port in Shandong prices 3,470 yuan/tonne($526) for PNW soybeans; Dongjiakou port offers 3,430yuan/tonne（$520）for PNW soybeans, 3,450-3,460 yuan/tonne ($523-$524) for Gulf soybeans, remaining flat over yesterday. Prices for imported and distributed soybeans remain stable today as domestic soybeans keep growing in market to dwarf imported soybeans. Yet, insufficient soybean surpluses and strong sentiment of traders to hold out for high prices may bolster imported soybeans prices somewhat. Overall, a near-term strong momentum will continue steadily on imported soybeans, but prices cut on imported soybeans will come about provided if there are heavy domestic soybeans in market. (USD $1=CNY 6.602)
