February 12, 2007

South Korea's CJ Corp buys 55,000 tonnes Brazilian soybeans
 

South Korea's CJ Corp. has bought 55,000 tonnes of Brazilian soybeans from trading house Marubeni at a tender concluded Friday, a trader in Seoul said Monday.

The shipment should be delivered to South Korea May 1-30, and will cost a premium of US$1.56/bushel to the Chicago Board of Trade's July contract.