The crusher’s price of Grade One soyoil registered RMB7,700/MT in Harbin, RMB7,650/MT in Jiangsu on Jan. 12, up RMB100/MT and RMB250/MT respectively over the week before. Grade Four soyoil was quoted RMB7,300/MT in Dalian, RMB7,350/MT in Shandong and RMB7,500/MT in Guangdong on Jan. 12, up RMB100/MT, RMB50/MT and RMB200/MT respectively over the week before.

The crusher’s soymeal price registered RMB3,550/MT in Harbin, RMB3,700/MT in Dalian, RMB3,720/MT in Qinhuangdao, RMB3,750/MT in Shandong, RMB3,500/MT in Jiangsu and RMB4,200/MT in Guangdong on Jan. 12, up RMB340/MT, RMB440/MT, RMB340/MT, RMB380/MT, RMB300/MT and RMB800/MT respectively over the week before.

Crushing generated a profit of RMB610/MT last week in mills processing domestic soybeans and RMB585/MT in mills processing imported soybeans.

List

News Briefs 1

Crush Margin Expanded Last Week 1

Government to Procure 3 Additional Million MT Soybeans in Northeast 2

Soyoil Price Unlikely to Run Too High in Short Run 4

Weather & Crop Conditions 5

Price Trends 6

DCE vs. CBOT Futures Prices 10