Lack of Lido up pressure to stimulate the soybean market – soy – Food Industry –
Outside the plate by overnight soybean futures prices rose slightly the impact of the contract within the plate a909 Soybean main point early in 3501 to open 40 points higher. However, no further expansion of up disk space, the whole day to maintain shock lower end of the contract to 3480 points at close, close up only 19 points. Single time-trend analysis from the session, presented to lighten up the whole day down the disk, indicating the market under the current circumstances take the initiative to open long happy, indicating lack of market outlook on the action to. From the stress perspective, futures prices rise after four consecutive trading, investors will also face the pressure of early high point. So from the technical point of view, the current price of the further upstream of weakness has been revealed.
From the international market point of view, the present greater impact on the market but also the more recent focus of the market in South America Argentina Pupil factors that are there. Benefit many farmers are mainly from the strike. The news from Argentina, now both the government and farmers interested in negotiations to try to end the strike, but the Argentine industry, said Minister of DeboraGiorgi, on soybean, sunflower, wheat and corn export tariffs, the Government maintained the position before, not will adjust the tax rate. Therefore, the event still very uncertain, investors should continue to remain concerned about the matter. The bad side is the one hand, the recent rains in Argentina for the great help ease the drought, followed by Brazil's soybean harvest has entered Shandong Province, which means about to board the global soybean market in South America, to increase the supply of the world's soybeans, so the global soybean supply and demand tension will ease pressure on soybean market to the global soybean market will also bring some pressure.
From the domestic side, the domestic aquaculture industry is still plagued by Avian Overall, this year's poultry disease situation is more serious in previous years. At the same time the market after the Spring Festival this year, start late, Feed Consumer worse than previous years, this year's farming industry with experience in the global financial crisis, the case against the number of the active lower Bulan, resulting in rapid growth in consumer demand after the holiday is not. As Bulan will take some time, so from the breeding cycle, the market will take some time to buffer feed market can be restored, then the demand for soybean meal is naturally difficult in the near future a big difference.
Whether the domestic soybean spot market prices with the national will to sustain the price hovering around in the purchasing and storage. Under the present circumstances it is very difficult. Most of the major oil crushers in China are mainly distributed in eastern and southwestern coastal areas, mainly in soybean imports as the main Raw material This section does not give the consumer demand to bring the domestic soybean price support. Secondly, the port distribution of soybean price of domestic imports also fell, market demand. According to stock quote information is displayed: Dalian 3350-3400 yuan / ton; Tianjin 3,400 yuan / ton; Shandong Qingdao 3350-3400 yuan / ton, Rizhao Port 3380 yuan / ton; Jiangsu Zhangjiagang 3400 yuan / ton, Nantong 3450 yuan / ton; Guangdong 3400 yuan / ton. Basically from south to north China remained at 3,400 yuan / ton level. In the high oil prices and cheap imports and soybean mutatis mutandis, the domestic soybean seems to be able to sharply increase the disk.
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