Quotes for Imported Soybeans at Shandong Ports on October 26th
Cofeed News: today(on October 26th), Qingdao port in Shandong offers 3,485 yuan/tonne（$525）for PNW soybeans, and Dongjiakou port offers 3,510 yuan/tonne ($529) for Gulf soybeans, both keeping flat over yesterday. Prices for imported and distributed soybeans turn stable instead of keeping buoyant as domestic soybeans keep growing and larger imported soybeans are going to arrive later in market at a time when insufficient soybean surpluses at ports and strong sentiments of traders to hold out for high prices bolster imported soybean prices to some degree. Additionally, outlook is probably not promising in the afternoon. Overall, imported soybeans at ports may remain stable with good momentum for growth in a short run till the end of supply tension. Later, imported soybeans may pare gains given heavy domestic soybeans in market and eased stocks pressure in the first 20 days of November at ports. (USD $1=CNY 6.632)
