Soybean Meal And Receive Comments: Bullish Factors To Promote A Strong Rise With
First, market review Early today with soybean meal in the contract of crude oil rose by a lower dollar, while U.S. soybean high oscillation effect, the contract early Tiaokonggaokai, and going higher open. 909 Tiaokonggaokai main contract in 3021 yuan / ton, the highest red to 3,075 yuan a day / ton, the lowest was 3013 yuan / ton, late to close at 3,070 yuan / ton, up 97 points the previous day, shrinkage to lighten up the day, trading volume reported to the 357 000 hand positions to reduce 5008 fell to 349,000 hand hand. In addition, the 1001 contract rose sharply today, there have been movements to close out an in Yang Xian, compared with the previous trading day up 69 yuan / ton. Similarly Masukura heavy volume.
II Summary of the international market
Chicago Board of Trade (CBOT) soybean futures closed higher last Friday, the new futures contract for leading the gains. CBOT7 month soybean contract closed up 5 cents to 11.84 U.S. dollars per bushel; November contract closed up 91 / 2 cents per bushel 10.621 / 2. July soybean contract ended down 1.30 U.S. dollars to 382.50 U.S. dollars per short ton. July Bean oil Contract closed up 124 points, to 39.05 cents a pound.
Four-day vacation in China, the United States and beans three day oscillation appears in the movement in the vicinity of 12 U.S. dollars sold by the dealer, the pressure greater. But the fundamentals are bullish factors in the constant integer oil station mark above 66 U.S. dollars, a weaker U.S. dollar down to below 80 integer mark, up guidelines for the commodity market. In addition, net exports of U.S. soybean Sell Total number of Department of Agriculture’s export target has been reached, further increase in the near future may also export sales.
Third, the domestic market overview China National Grain and Oil Information Center
news, Heilongjiang provincial government held an emergency meeting recently, the deployment of anti-drought seedling protection work. Heilongjiang Provincial Party Secretary Li Qiyan said that the current drought areas across the province reached 8,000 mu, re-dry area of more than 3000 mu, water area of 400 mu of paddy field, because of drought area of 200 mu of dry shoots, hanging dry area of 500 mu. Heilongjiang Province, according to weather forecasters in the province before the end of May there is no effective rainfall, May 27 -29 days continuous high temperature, the temperature will reach 31-36 . June 10, the province did not soaker process, the drought has further aggravated the trend, serious impact on the effectiveness of spring plowing. May such a drought in history never before.
Spot, the increase due to the State Reserve and the recent rise in import costs, while producing a large area suffered drought, oil plant to continue to add stock, soybeans and soybean meal prices are generally higher there. Siping area of Jilin 43% protein soybean meal and oil plant offer 3,300 yuan / ton, 46% protein soybean meal and offer 3,540 yuan / ton, on the 1st morning ascent 30 yuan / ton. Shandong soybean meal prices overall rose 1 June, up 30-80 yuan / ton range, quoted at 3,350 yuan / ton; Guangdong Dongguan foreign oil plant 43% protein soybean meal offer 3,450 yuan / ton, up 31 May 90 yuan / ton,
IV outlook market outlook Meal today with the upward trend of contract, distance contracts are a breakthrough of the early pressure level, and in recent months has shifted positions on to the distant signs. Already approaching the current M909 contract after last year’s 11 price level, is expected to further rise later will be. Investors are advised to continue to hold more than one and no more than one position can intervene. Only win the top place in 3100 near the stop 5, MA.
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