A review of spot soybean meal market transactions in the United States on April 18
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Last Update: 2002-04-22
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Source: Internet
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Author: User
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Lead: Chicago, April 18 (Reuters) - spot soybean meal base prices rose steadily in the Midwest of the United States on Thursday Spot supply has been strained due to the shutdown of oil plants and the decline of crushing, and the prices are under pressure Kansas City's truck offer rose $1, with more and more oil plants in the Midwest starting or about to stop production With the coming of planting season, farmers are busy with field preparation, soybean transportation and soybean meal demand is relatively quiet The spot export price of ports in the Gulf region: the spot CIF price is US $10 / 11 premium, and the FOB price is US $12 premium; the forward CIF price is US $9 / 10 premium in June / July and US $12 premium in August / September; the forward FOB price is us $12 premium in June / July and US $14 / 15 premium in August / September The export market is calm The Ministry of agriculture's export sales report for the week ended April 11 said the net sales volume of soybean meal was 80000 tons, 23% higher than last week and 4.1 times higher than the four week average Major buyers include the Philippines (22000 tons), Egypt (17000 tons) and Algeria (15000 tons) Exports were 78600 tons, 58% lower than last week and 56% lower than the four week average Major destinations include Ecuador (20000 tons), Morocco (14100 tons), and Canada (11200 tons) (author:) share to feed Weibo share to:
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