Vietnam Buys 120,000 MT US Soymeal
Wed Aug 21, 2013 11:47 AM CDT

FREEMANTLE, Australia (Dow Jones) -- Vietnam bought three cargoes of U.S. soymeal totaling around 120,000 metric tons for shipment in October, November and December from Omaha-based farmers' cooperative, Ag Processing Inc., trading executives said Wednesday.

The cargoes were bought on a premium basis over the December soymeal futures on the Chicago Board of Trade, the executives said. An Ag Processing executive declined to comment when contacted.

The deal indicates that Vietnam, a traditional buyer of Indian and South American soymeal, is turning to the U.S. to meet increased demand, traders said here at an international grains conference.

Vietnam's demand for ...

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