October 26, 2006

Taiwan's BSPA buys 46,000 tonnes US soybean in tender

The Kaohsiung branch of Taiwan's Breakfast Soybean Procurement Association, or BSPA, has bought 46,000 tonnes of US soybean from trading house Mitsui in a tender concluded Wednesday (Oct 25), an association official said.

Mitsui will supply the soybean at a premium of 182.75 US cents a bushel to the Chicago Board of Trade's January contract.

If the soybeans are to be shipped from the US Gulf, they should reach Taiwan Nov 25-Dec. 9.

If they are shipped from the Pacific Northwest, they should reach Taiwan Dec 10-24.