September 19, 2003
Taiwan Group Buys 56,000 Tons US Soybeans
Taiwan's Breakfast Soybean Procurement Association's Kaohsiung branch has agreed to buy 56,000 metric tons of U.S. No. 2 soybeans from Cargill in a tender, said a trader in Taipei.
A BSPA official later confirmed the deal, struck at a premium of 126.76 U.S. cents a bushel to the Chicago Board of Trade's January 2004 soybean contract, cost and freight. Shipment dates will be Oct. 30-Nov. 13 from the U.S. Gulf, or Nov. 14-28 from the Pacific Northwest.