Power for the savings are still higher soybean – soybean, soybean prices – Food
Recent phase, the trend of soybean varieties by short-term impact of repeated messages and see-saw around the shock. Last week, the first case of domestic swine H1N1 influenza epidemic, the market plunging. Panic but then the market did not continue to do more to restore some confidence. After the monthly report issued by the U.S. Department of Agriculture and related data in a relatively bullish fundamentals, coupled with breakthroughs in key cabinet U.S. soybean area even after the stage of a new record high, short-term retracement of the rise in confirmed there is a certain momentum. Therefore, the soybean market remained bullish pattern recently. Domestic soybean prices higher as purchasing and storage, purchasing and storage of a large number of stock after the quake lake as if to suppress accumulation of price increases, the domestic plate lagged behind the gains outside the disc. Currently import soybean prices to 3,950 yuan in about 3850 yuan, higher than the price of 3700 yuan of domestic soybean purchasing and storage. Ready soybean market outlook after the shock is expected to rise.
Fundamentals, the United States Department of Agriculture report in May to adjust the 2008 / 9 annual global soybean balance sheet, significantly lowered the yield of soybean in Argentina. The report also predicts crops for 2009/10, with the market prediction. Crush slightly upwards to 1,660 million bushels, exports transferred to 1,260 million bushels, making 230 million bushels in ending stocks, stock consumption ratio of 7.4%. Whole or in state is tight. Last Thursday the U.S. oilseed Association reported in April the U.S. soybean crush for more than market expectations, further highlights the tight U.S. soy Chen potential risks.
Domestic stock markets, China's soybean imports in April to 3,710,000 tons, up 55.2%, a slight increase of 0.7% in the chain. As of May 15, domestic soybean purchase price 3,480 yuan in Harbin, Jiamusi 3400 yuan. Port soybean imports divided between selling price in 3550 yuan. 6,7 sailing on the current cost of imported soybeans from 3850 to 3950 yuan in between, as compared with current spot prices have made up some space.
Overall, the U.S. soybean double bottom of the box breaking rally after the interval order has returned to reduce the price at between 1100 cents to 1150 cents, a slight concussion. Short-term economic uncertainty and technical overbought suppress the desire of their spikes, but the depreciation of the dollar and the funds to do more than call for the formation of a favorable price support. The most important supply and demand from the consumer situation, soybean consumption in 2008/09 compared with historically low inventories, the U.S. soybean export was strong, 2009/10 U.S. soybean stocks may also be further reduced. The next stage, the market will enter a stage of soybean weather hype. Moment, the planting intentions is still the market expected, but the future there can be no accident, otherwise there will be speed up soybean prices to curb demand in order to achieve balance between supply and demand. Investors are advised to maintain a long train of thought for soybeans, the callback can actively absorb so much.
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