April 30, 2004

Taiwan's BSPA Buys Up To 120,000 MT Soybeans From Cargill

Taiwan's Breakfast Soybean Procurement Association bought up to 120,000 metric tons of soybeans from trading house Cargill in a tender concluded Thursday, said a Taipei-based trader who received the tender result.
 
BSPA bought one cargo of soybeans at 54.98 U.S. cents a bushel over the Chicago Board of Trade July contract for shipment June 1-15 from Brazil. The company bought another cargo at 312.49 cents/bu over the CBOT November contract for shipment June 25-July 9 also from Brazil, the trader said.
 
Cargill has the option to supply each cargo between 40,000 to 60,000 tons.