Cost for China Imported Soybeans On June 17th

By CnAgri2013-06-19 11:18:27 Print Cost for China Imported Soybeans：On June 17th, cost for soybean imported from U.S. was RMB4088/MT, down RMB111/MT from last week; cost of soybean imported from Brazil was RMB 4464/MT, up RMB20/MT from last week; cost of soybean imported from Argentina was RMB4476/MT, up RMB67/MT from last week. With favorable weather condition in western agricultural areas, CBOT soybean market went weak led by decrease of new crop agreements. According to latest report on soybean growth progress from USDA, the excellent rate was 64%, significantly higher than last year’s 56%. In the long run, both American and global soybean supply pressure increases gradually and soybean price shall go weak.

    

From “China Oil and Oilseeds Market Weekly Report”