Recently, Dalian Liangyun Group Grain and Oil Purchase and Sales Co., Ltd. and the buyer reached a number of basis transactions for imported non-GMO soybeans on the over-the-counter platform of Dalian Commodity Exchange (hereinafter referred to as Dalian Commodity Exchange), involving nearly 2,000 tons of spot, all imported from Canada. Entering from Tianjin port by sea, the transaction price is the Dashang Dou-2207 contract price plus the basis difference.
This transaction is the first time that the price of imported non-GMO soybeans is based on domestic futures on the OTC platform of the Dalian Commodity Exchange.
(Wang Yilin and Yang Yi)
Responsible editor: [Luo Pan]