Soybean meal will be purchased in Southeast Asia (10.14)

OA show ('918 '); Asian buyers still have enough inventory to wait for the world soybean price to get direction from the yield report before the USDA releases the US crop yield report on Thursday, so there will be little soybean buying from Asia this week Indonesia and South Korea will buy small quantities of American soybean meal, while Thailand and Malaysia will buy Indian and South American soybean meal China's grain traders said they expect the vast majority of Chinese soybean importers to stay on the sidelines this week because they are not sure about the near-term direction of world soybean prices According to the traders, trading companies and oil mills are now waiting for the market to move after the USDA released its US soybean production forecast on Thursday They said that after they have a better understanding of the trend of world prices, they will make corresponding adjustments to the prices of soybeans purchased in the future Recently, there is a rumor that China may have ordered two US soybeans in the past week, scheduled for October, but most traders do not believe that the world price at that time is attractive to Chinese buyers A trader in South China said, "due to the weak price of edible oil and the stable price of soybean meal in the main regions, the profit of soybean crushing has further decreased, which makes oil mills reluctant to rush into the market to buy soybeans at the current world price." Last week, U.S soybean prices were $210 to $214 a tonne for CNF, according to the traders Traders say buyers have been cautious about ordering soybeans after the October shipment date, given that China's ports still have large stocks of imported soybeans and that domestic soybean production and quality are better than expected.