129773932960312500_171Securities times journalists craft Shen soybean production in South America, the northern hemisphere planting area or downstream of the downturn, the domestic soybean demand pick up, a series of strong long messages coupled with the domestic and foreign funds, reflected in the beans on the futures market is one word: up! In recent days, bean price rally is really aggressive. As at the close yesterday, even the beans (4561,58.00,1.29%) main 1301 contracts at 4,590 dollars/ton, than the day before yesterday, the settlement price rises or $ 52, after four consecutive day, price record high since mid-September of last year. Other legumes varieties have good performance, soybean meal (3260,41.00
tera gold,1.27%) main 1209 contracts up to 1.27% per cent on 3260 Yuan/ton; soybean oil (9736,138.00,1.44%) main 1209 contract closing at 9,736 Yuan/ton, rose as high as 1.44%. Tian Qi Yu Ruiguang futures analyst said South American soybean production sharply as a result of the global soybean supply constraints continue to underpin the beans at home and abroad markets, United States Department of agriculture will be announced this month the United States planted beansFocus of the area is becoming a bean market.
From the perspective of current market expectations, as the 2011/2012 big cuts in world's leading soy producer
tera power leveling, markets that the new season beauty bean yield cannot ease the tensions of global soybean supply. At the same time, China's soybean import recovery increase could also make the global soybean supply situation further aggravated, speculationMoney long on enthusiasm is not reduced, beauty bean rhythm maintained upstream as a whole.
While the domestic bean market bullish enthusiasm of comprehensive high, sharp increase in soybean oil and soybean meal futures positions, alternating led by legume side. Beans of tight supply and demand expected in the new year, in domestic and international markets are attracting a large number of long on financial intervention. United States commodity futures trading Commission (CFTC) position reportAs of March 20 the week, fund net position on the American varieties of bean, soybean meal up to 179,893 and 70,765 respectively and score high in recent years.
Domestic market, the bean variety positions the same overall upward, soybean meal increased bunker on Friday's gains, the market focus. From the position report could also see some clues, recent bulls top seatsMost overweight, even in the major traditional short-grain on seats in some varieties are starting to turn. Industry sources recently bean prices continue to rise and funding forced air relevant. That said, the current domestic spot without much inventory in the hands, most not price, port stock declined quickly, hence the Fund on the spot in the corner. "Forced air actually twoQuietly began months ago, International Fund pushes us prices, then turn of the Jin and Yuan dynasties in China, Bo Hai, wing on several long meal last week, even the food has rushed in, judging from the current situation, American beans may even challenge 2008 highs.
"The person said. "Despite the current bean stock market performance in China, but because of the beautiful beans gains will be driven forward imported soybeanCosts rise, soybean oil and soybean meal in the later will also raise the cost of production, supporting long term bean prices will also gradually reflected. Operations, it is recommended that investors to seize the market running rhythm, beans-trend will continue to be held.
"In ruiguang said. Xinhu futures analyst Miao Jin also said the March new South American soybeans into the critical period of growth, Brazil and southern Argentina NorthWeather conditions have not improved significantly, the South American soybean production is expected to once again be slashed. Us soybean exports in recent weeks both shipment quantity and sale remain in the annual high and United States domestic demand for soybean meal to good, oil pressing desire to pick up, external continuity in bean's strong rally. Bean price increase willingness to also purchase to boost domestic oil factory, oil fuel inventoryTo come down. Miao Jin said
tera gold, from the perspective of research before, currently profitable processing of oil factory, only large soybean meal stocks, with futures prices.
����Overall market bias optimistic target temporarily to 4,650 dollars/ton of soybean, soybean oil is expected to rise to near 9,900 dollars/ton, but also be noted the dollar's strength in the investment risk brings to market the callback. Gold-line statement:Gold-line reproduced above, does not indicate that confirm the description, for investors ' reference only and does not constitute investment advice. Investor operations accordingly, at your own risk.
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