China is rumored to buy soybeans, and the soybean base in Meiwan is up
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Last Update: 2002-08-08
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Source: Internet
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Author: User
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Introduction: on Tuesday, due to market rumors that China may buy us soybeans again, on Tuesday, due to market rumors that China may buy us soybeans again, or transfer the soybeans from the Pacific Northwest port (PNW) to the US Gulf of Mexico, the CIF soybean basis of the US Gulf of Mexico barge soared on Tuesday In the past 24 hours, the CIF basis price of spot soybeans has increased by 7 cents per bushel, with the highest price rising by 54 cents per bushel on CBOT's November soybean futures price Many sellers simply stopped offering because they could not see the recent demand After China bought a lot of soybeans from PNW last week, PNW may no longer have soybeans, so the Chinese began to buy soybeans from the US Gulf of Mexico, according to a grain dealer Monday's weekly export inspection report showed that between July 25 and August 1, a shipment of 58000 tons of us soybeans was shipped in the US Gulf of Mexico to China PNW did not ship soybeans to China However, it is rumored that in order to get these soybeans as soon as possible, China would rather pay more price for water and ship them from PNW, because the time from here to Chinese port is shorter 65C
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