Asian soybean import outlook this week: China may continue to purchase soybeans
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Last Update: 2001-08-02
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Source: Internet
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Author: User
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Introduction: this week, China is expected to continue to look for Daping, which shipped in August, while Taiwan may buy 54000 tons of us soybeans Indonesia may look for Indian soybean meal for immediate shipment to make up for the shortage at home China: following several purchases last week, some Chinese oilseed crushers are expected to continue to look for South American soybeans shipped in early August this week But they are expected to wait until Thursday's USDA report, which could affect world soybean prices, is released Chinese soybean importers are now willing to use spot basis prices to buy soybeans due to the strong price of CBOT soybeans leading to the strong price of C & F Since the middle of last week, China has purchased a total of 165000 tons of soybeans at a price of + 84-87 US cents / bushel for CBOT in August, with shipment dates of July and August China's importers and exporters remain concerned because the Chinese government has yet to issue specific regulations on the import of genetically modified products Some international trading companies have revived their interest in selling imported soybeans to Chinese crushers, but they tend to trade with reputable crushers in case of default.
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