The soybean outright price for CFR China first-month assessment has reached new highs, at $757.93/mt as assessed by S&P Global Platts March 8, up by 3% week on week, and up by 10% month on month. The higher price is fueled by surging freight costs and low availability of offers, according to market sources. Receive daily email alerts, subscriber notes & personalize your experience. Register Now Last week, China has bought 55-60 cargoes for both nearby and deferred shipments. More than 60% of total trades were done by China state-owned importers. CFR China basis were set on rally mode after the active demand coverage by Chinese buyers, further pushing up soybean flat prices amid raising Chicago Board of Trade futures. With higher price levels, the open demand projection for April shipment has been reduced by industry […]