October 31, 2005

Taiwan's BSPA rejects all offers in soybean tender
 

Taiwan's Breakfast Soybean Procurement Association in Kaohsiung rejected all offers for US soybeans in a buy tender concluded Friday, a Taipei-based trader said.

The lowest offer was from trading house Agrex of 58,000 tonnes of US No. 2 soybeans priced at US$271.90/tonne, or 159.50 US cents a bushel over the Chicago Board of Trade January contract, the trader said.

BSPA is yet to decide on a re-tender date.