Falling prices have prompted European buyers to buy soybean meal from recent positions
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Last Update: 2002-07-26
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Source: Internet
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Author: User
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Introduction: European animal feed buyers will take advantage of Wednesday's price drop to purchase some soybean meal they need in the near future However, due to the unpredictable weather, buyers will continue to avoid the long-term market On Wednesday morning, there was some trading after the price of Argentine bean cake on the way dropped $6 per ton In North King, the price of soybean cake delivered to Amsterdam on July 25 is 176 US dollars per ton, CIF; in Eleftheria, the price of Argentine soybean cake delivered to Amsterdam on July 29 is 174 US dollars; in Crown Star, the price of soybean cake delivered to Amsterdam on August 5 is 174-175 US dollars per ton German traders said that due to unpredictable weather conditions, buyers still buy as they need, rather than do forward delivery business In the European market on Wednesday, the price of soymeal in Latin America fell by $3 to $6 per ton, while the price of soymeal in Europe fell by $4.50 to $7 per ton European rapeseed meal prices were flat to fall by 2 euros, while Argentine sunflower meal prices were flat.
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