September 8, 2003
South Korea's CJ Corp Buys 50,000 MT US Soybeans from Marubeni
South Korea's CJ Corp. bought 50,000 metric tons of U.S. No. 2 yellow soybeans in a retender Friday, said a company official in Seoul Monday.
Marubeni is the supplier, at a premium of 40 U.S. cents a bushel to the Chicago Board of Trade's November soybean contract, free on board, said the official.
Shipment dates will be Oct. 15 to Nov. 4 from the U.S. Gulf.
CJ decided not to buy soybeans in a tender it held Wednesday due to high prices.