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Quotes for Imported Soybeans at Shandong Ports on November 17th

2017-11-17 www.cofeed.com

    Cofeed News: today(on November 17th), Qingdao port in Shandong offers 3,410 yuan/tonne($515) for US Gulf soybeans, rising 10 yuan/tonne against yesterday, and 3,330 yuan/tonne($503) for Uruguayan soybeans, keeping flat over yesterday. While Rizhao offers 3,330 yuan/tonne($503) for PNW soybeans and 3,390 yuan/tonne($512) for US Gulf soybeans. Prices for most imported and distributed soybeans remain stable though some a tad higher as stocks of imported soybeans for trade at ports have not significantly piled up amid traders' high offers. Yet, with growing domestic soybeans in market, sales of imported and distributed soybean will be affected in spite of daily turnover of soybeans around 1,000 tonnes. According to Cofeed latest investigation, more than 18.2 Mln tonnes of soybeans are estimated to arrive at ports in November and December, but market participators and traders are not optimistic about the market later in the time GMO certificates have little effect on the market, thus imported and distributed soybeans will be pressured down later. (USD $1=CNY 6.625)