Quotes for Imported Soybeans at Shandong Ports on November 3rd
Cofeed News: today(on November 3rd), Rizhao port in Shandong offers 3,400 yuan/tonne（$519）for PNW soybeans, remaining flat over yesterday. Prices for imported and distributed soybeans keep firm as Insufficient surpluses at ports amid strong sentiments of traders to hold out for high prices bolster the imported soybean prices, but on the other hand, domestic soybeans keep growing, which somewhat limits the upside on imported soybeans even though larger imported soybeans are going to arrive later. According to Cofeed latest investigation, about 9Mln tonnes of soybeans are estimated to arrive at ports in November, while 9.1 Mln tonnes in December, yet imported soybeans may pare gains once supply pressure is eased after the first 20 days of November. (USD $1=CNY 6.617)
