But the trend of soybean increased significantly restricted by the outer disk - Soy - Food Industry

But the trend of soybean increased significantly restricted by the outer disk - Soy - Food Industry

CBOT soybean futures Tuesday rose to the highest point since March, continuing its rebound trend by strong fundamentals and technical support, CBOT3 month soybean contract closed up 29 cents to close at 1016 cents / bushel, March soymeal 2.8 U.S. dollars, 301 U.S. dollars to close at / t, in March Bean oil Contract rose 241 points to close at 37.31 cents. Because of increased global demand for soybeans, while dry weather for the South American soybean production impact. At the same time Tuesday as part of increased speculative fund buying.

Yesterday morning to open lower soybean shock, followed by peripheral schrot strong pull, on the prices rise steadily and gradually heavy volume of transactions. Main contract A0905 opening 3400, the maximum 3502, minimum 3361, closed 3459, compared with the previous day settlement price was up 46 points, closing 870000 hand, Masukura 3284 hand; main contract A0909 opening 3258, the maximum 3389, minimum 3201, closed 3331 compared to the previous day settlement price was up 67 points, 30 hand transaction, Masukura 31668 hand.

Meteorological agency predicted, according to DTN, Mon models show that the next 7-10 days, South American weather patterns may change. Central Brazil is expected to generate sub-tropical ridge of high pressure areas, so after going through several Zhou precipitation to turn dry. Tropical rainfall is expected to advance southward, spreading to the arid southern Brazil and central Argentina.

Later this week in central Argentina and southern Brazil is expected to be light to moderate rain, and if the signal did not change significantly, rainfall events will become more frequent early next week. Round of rain is very timely in promoting the growth of soybean and corn pollination benefit.

As of January 1, 2008/09 soybean export the week to test capacity of 28.713 million bushels in line with analysts had forecast range of 2500-3000 million bushels. Week test sent to the U.S. mainland China totaled 20.905 million bushels of beans, about 569 thousand tons.

Part of Heilongjiang soybean oil plant production areas offer relatively stable, in which 93 giant price is 3.44 yuan / kg; Longjiang Fu factory price 3.44 yuan / kg; Mudanjiang factory price is 3.46-3.48 yuan / kg; Helen regional factory price of 3.50 yuan / kg. China imports soybean port distribution market remained relatively stable, Qingdao, Rizhao Port imported soybeans offer up 3500 yuan / t, North Port quote also reached 3500 yuan / t near; It is reported that the procurement market light, the parties continued to wait and see.

Action recommendations:

View yesterday's trend, soybean is relatively weak, mainly due to rising oil and meal drive, soybeans rose steadily until the U.S. disc is subject to certain buyers worried about rising demand and the weather in South America to a new high since March, but our Soybean stock market, and no substantive change, our stock market turnover is relatively light, Zhou online view certain pressure above the recommended investors trading day, not overnight, and not pursue more.

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