USDA Monthly Supply and Demand Report: US soybean stocks down

USDA Monthly Supply and Demand Report: US soybean stocks down Internationally, the US soybean product price traded in a narrow range last night. The US soybean 01 contract fell 4 cents, or 0.27%, and closed at 1,471 cents per bushel. The US soybean meal contract increased by 3.6 dollars or 0.81%. It closed at $448 per short ton. In the report released by the U.S. Department of Agriculture last night, there was no adjustment to this year’s South American soybean production forecast. It still maintains a total of 136 million tons of production expectations in Brazil and Argentina. This figure will cause great market supply. The pressure directly led to the global soybean ending stocks increased from 56 million tons in 2011/12 to 59.93 million tons, and the US Department of Agriculture in the report only slightly reduced the US soybean ending stocks expectations and domestic squeeze expectations in some countries, which for the overall supply and demand The structural impact is not great. Although previous periods in Argentina and parts of Brazil were hit by heavy precipitation, at least from the report point of view, at least the US Department of Agriculture did not believe that the heavy precipitation that had passed would have a large impact on the supply of South American soybeans. On the whole, the report is neutrally empty, and it is expected that the price of US soybeans will still be under pressure from 1492-1500 in the future, and the shock will fall.

Domestically, the domestic soybean product price trend further differentiated yesterday. The soybean 1305 contract fell 4 yuan, or 0.08%, and closed at 4,761 yuan per ton. The soybean meal 1305 contract rose 47 yuan, or 1.4%, and closed at the end of each day. Ton 3413 yuan. From the trend point of view, soybean meal 1305 contract was affected by the lightening disk yesterday, the price further increased sharply, the funds in the soybean meal 1301 contract speculation more than a single constant departure, while the soybean meal 1305 contract on the hedge against the same single rapid loss, resulting in The current strong price increase, the market continues to repair the spread structure between the main contract of soybean meal and the near-month contract. It is expected that this situation will continue in the short-term, but it should be noted that with the departure of the speculative funds from the soybean meal 1301, the market will come to an end. It is difficult for the main contract to maintain a strong rally for a long period of time in the absence of fundamentals. From a technical point of view, yesterday's soybean meal 1305 contract broke through the 3400 line, and in the market today there needs to be an effective confirmation. In the case that the US soybean is not optimistic, the market may come out of the red.

The spot price quoted by China's spot market for beans yesterday oscillated in a narrow range. The average price of imported soybeans nationwide was 4,639 yuan per ton, up 3 yuan, of which Dalian Port was 4,620 yuan per ton, Qinhuangdao region was 4,620 yuan per ton, and Dongguan was 4,620 yuan per ton. The average selling price of soybean meal was 3988 yuan per ton, up 28 yuan, 4200 yuan per ton in Harbin, 3990 yuan per ton in Qinhuangdao, 4,060 yuan per ton in Zhoukou, and 4,100 yuan per ton in Chongqing.

Operational recommendations, the US Agriculture Department reported last night, neutral bearish, will form a certain degree of pressure on the recent US soybean prices. It is expected that the 1305 contract for soybean meal will step back on the 3400 line today and focus on whether this round of breakout can be effectively confirmed. The soybean 1301 contract still maintains the bottom of the 4700-5000 range. It is recommended that investors can continue to hold more than 1301 contracts in the previous period, but the ratio should not be too large.

Fresh Ginger

Anqiu Ginger is famous for its bright yellow skin, good fruity shape, compact structure and strong ginger flavor. In addition to containing a large number of carbohydrates, proteins, vitamins and minerals, it also contains a large number of gingerol, gingerolone, gingerol and gingerol, etc., which has high edible value and medicinal value.

Fresh Ginger To Ground Ginger,Storing Fresh Ginger,Ground Ginger To Fresh Ginger,Fresh Ginger To Ground

Jining Yuanheng International Trading Co.,Ltd , https://www.china-garlic-exporter.com