Dalian soybean meal finished lower high pressure is adjusted - soybean meal and dairy products - Foo
Dalian soybean futures finished lower on May 20. Judging from the board position, Dalian soybean meal by the United States and record high boosted once during the year rose, but the afternoon event set pressure earnings, soybean prices fell. Analyst believes that the current U.S. soybean meal futures is mainly affected by the strong trend to promote and boost capital side, but with the emergence of high profit site, soybean meal to adjust short-term pressure will increase, temporarily advised to wait and see.
Overnight CBOT soybeans continue to be tight this year's U.S. soybean stocks and technical buying support, on the price scale new year high. Midwest corn-growing areas at the same time weather on prices for U.S. beans provide support, because it reduces the expected corn replant soybeans. Judging from the surrounding markets, crude oil set overnight U.S. income rose only slightly, but continued weakness in the dollar index, which provides support to soybean movements. In addition, arbitrage Jiepan Schrot meal period also led to higher prices. The short term, the U.S. soybean fundamentals are bullish, the price is still expected to remain strong, driven by its U.S. soybean meal prices are expected to continue rising.
Domestic soybean meal market remained stable, the state started to prevent excessive price down regulation of pig breeding plan to bring some boost. In addition, news Milk powder Purchasing and storage plan has been submitted the State Council, the total amount will exceed 3.0 billion. China Dairy products Industry Association estimated that this formula will benefit the 17 purchasing and storage of eight provinces, involving at least 30 to 40 dairy enterprises, about 20% digestible overall inventory. Melamine from China after the events occurred, the domestic Dairy Industry received a heavy blow, and led to the continued decline in dairy cow herds, making relevant Feed Product consumption in the doldrums. The milk program purchasing and storage, is expected to boost the current downturn in the dairy industry, thereby inhibiting sustained decline in livestock feed demand, consumption of certain dietary bullish support.
News side factors not yet led to the formation of soybean meal market, the current major negative from the status of the domestic aquaculture industry downturn. Department of Commerce survey, domestic pork prices fell for 14 consecutive weeks. In the current situation, the control policy is difficult to show fear in the short term effect of the weak end demand is still difficult to get out the state. In addition, the domestic soybean supply is still sufficient, the State Reserve acquisition of seven million tons of soybean prop the market at any time possible. Soybean imports to the domestic port with the large number of Hong Kong, oil factory operating rate increased, soybean stock increase, spot prices for soybean meal price increase is very limited space.
From disk perspective, Dalian soybean meal and 20 finished lower, signs of gradual withdrawal of funds has, in particular the significant move up the afternoon Dalian soybean futures and soybean meal to leave money on the more obvious signs. Now, remained in Dalian soybean meal and short-term bullish trend from the previous high of 2984 yuan / ton is also one step. However, profit after the meal tray straight up accumulating more capital fought in soybeans to make soybean rising power shortage, Dalian soybean futures market high or adjustments, 3000 will mark a key position to judge the strength of the market outlook.
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Overnight CBOT soybeans continue to be tight this year's U.S. soybean stocks and technical buying support, on the price scale new year high. Midwest corn-growing areas at the same time weather on prices for U.S. beans provide support, because it reduces the expected corn replant soybeans. Judging from the surrounding markets, crude oil set overnight U.S. income rose only slightly, but continued weakness in the dollar index, which provides support to soybean movements. In addition, arbitrage Jiepan Schrot meal period also led to higher prices. The short term, the U.S. soybean fundamentals are bullish, the price is still expected to remain strong, driven by its U.S. soybean meal prices are expected to continue rising.
Domestic soybean meal market remained stable, the state started to prevent excessive price down regulation of pig breeding plan to bring some boost. In addition, news Milk powder Purchasing and storage plan has been submitted the State Council, the total amount will exceed 3.0 billion. China Dairy products Industry Association estimated that this formula will benefit the 17 purchasing and storage of eight provinces, involving at least 30 to 40 dairy enterprises, about 20% digestible overall inventory. Melamine from China after the events occurred, the domestic Dairy Industry received a heavy blow, and led to the continued decline in dairy cow herds, making relevant Feed Product consumption in the doldrums. The milk program purchasing and storage, is expected to boost the current downturn in the dairy industry, thereby inhibiting sustained decline in livestock feed demand, consumption of certain dietary bullish support.
News side factors not yet led to the formation of soybean meal market, the current major negative from the status of the domestic aquaculture industry downturn. Department of Commerce survey, domestic pork prices fell for 14 consecutive weeks. In the current situation, the control policy is difficult to show fear in the short term effect of the weak end demand is still difficult to get out the state. In addition, the domestic soybean supply is still sufficient, the State Reserve acquisition of seven million tons of soybean prop the market at any time possible. Soybean imports to the domestic port with the large number of Hong Kong, oil factory operating rate increased, soybean stock increase, spot prices for soybean meal price increase is very limited space.
From disk perspective, Dalian soybean meal and 20 finished lower, signs of gradual withdrawal of funds has, in particular the significant move up the afternoon Dalian soybean futures and soybean meal to leave money on the more obvious signs. Now, remained in Dalian soybean meal and short-term bullish trend from the previous high of 2984 yuan / ton is also one step. However, profit after the meal tray straight up accumulating more capital fought in soybeans to make soybean rising power shortage, Dalian soybean futures market high or adjustments, 3000 will mark a key position to judge the strength of the market outlook.
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