Soybean Market Well Expected and Price Up

By CnAgri2013-08-30 11:34:27 Print Soybeans: with continuous auction of state reserved soybeans this week, stocks of domestic oil plants increased. Since soybean market was well expected at both home and abroad, the auction was eagerly participated in. Average turnover price saw increase, playing supports to later increase of domestic soybeans.
 
As for imported soybeans, soybean arrivals in ports reduced since August. With high operating rate, demand for soybean is strong. It is predicted port distribution price for soybeans shall keep strong. (Figure 10)

  

From “China Oil and Oilseeds Market Weekly Report”