Chinese oilseed crushers were heard snapping up more cargoes of Argentinian soybeans for shipments in the fourth quarter this year as premiums continued to plunge since the start of the Argentinian government’s soybean export program earlier this month.
More than ten cargoes of Argentinian beans changed hands late Tuesday for October and November shipments this year, according to five different traders in the market.
October shipment traded at 280-290 c/bu against November CBOT soybe...