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Recent weakness in the domestic soybean market prices have continued by li miss
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Recent weakness in the domestic soybean market prices have continued by LI MISS
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| Article Posted: 06/11/2011 |
| Article Views: 55 |
| Articles Written: 1636 - MORE ARTICLES FROM THIS AUTHOR |
| Word Count: 870 |
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Recent weakness in the domestic soybean market prices have continued |
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Business,Business News,Business Opportunities
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Since March, the domestic soybean market continues to weaken, which in Heilongjiang soybean market, the State Reserve acquisition and commercial progress of the acquisition are more limited, the majority of soybean farmers reach the hands of surplus grain storage standards, producing losses phenomenon due to continued oil plant increased, soybean suspension of the more common phenomenon, traders keep the prices down in parts acquisition. In addition the port distribution of soybean import price set out under soybean oscillation market continued to drag down.
Since last week, the coastal areas of information soybean crushing plant shutdown, "endless", as opposed to the expected arrival this month, the number of imported soybeans is still relatively abundant; and demand for end-cultured soybean downturn will restrict downstream product meal digestion rate, but Feed Business inventories are low and gradually enter the market procurement, coupled with alternating Change CBOT soybean price patterns are mind-made soybean spot market rebound. Start next week, concerned about the situation around the plant, feed inventory and procurement business rhythm and CBOT soybean prices further movements. Specifically as follows:
First, the acquisition of Heilongjiang domestic soybean market slow, most farmers are still waiting to see who bean Schrot price range
running low, making the already due to soybean Raw material The high cost of producing Heilongjiang struggling plant, a soybean crushing loss further exacerbate the phenomenon, since this week, the eastern most oil mill stopped producing income, traders keep the prices down in some areas appear to be gaining ground acquisition; the oil mill and the trading away less than the purchase price of the purchase price of the State Reserve, is difficult to arouse the enthusiasm of farmers Mailiang; therefore it is difficult to ensure the acquisition and exploitation of a loss situation, the majority of oil factory in Heilongjiang have to choose shutdown wait, and to maintain production factory, and have limited production, it is difficult to maintain full capacity. On the other hand, soybean farmers difficult to achieve the state surplus warehouse storage standards, and therefore the State Reserve has also been relatively slow progress in the third installment of the acquisition, sources from the production areas, warehouse storage soybean country so far only 200 million tons, from the state-assigned to the Heilongjiang province far from 4.53 million tons of planned targets. From Heilongjiang Grain Bureau data show that as of February 28, Heilongjiang soybean farmers have sold 3.955 million tons, this means, the acquisition of commercial quantity of local soybeans are basically at 200 million tons; that is so far Heilongjiang Soybean farmers have at least 30% -40% of the soybeans did not sell out, and learned some departments are still half of the soybean growing areas farmers have not sold are basically similar.
Second, in recent months, soybean imports to Hong Kong market is expected to abundant, but the phenomenon of coastal plant shut down constantly
Soybean imports in recent months, China to Hong Kong the number is expected to remain relatively large, which in March soybean imports is expected to amount to about 3.5 million tons to Hong Kong, in April of that amount expected to be 3.8 million tons to Hong Kong, in May of the expected number of 320 million tons, thus continuing weak demand in the current terminal context of the overall market fundamentals of supply exceeding demand fundamentals should be no doubt. The background on this market, since the coastal parts of the plant this week, have shut down one after another phenomenon specific terms: the majority of oil plant in eastern Heilongjiang shutdown; Liaoning region is only two plants to maintain the boot, but was told a few days will also be downtime; mid-eastern China have shut down two oil plant plans; Pearl River Delta region was originally a five-week shutdown of the plant has been switched, while the other two plants have recently shut down program. Explore the what, on the one hand pressed soybean oil plant near the relatively rich profits, and therefore more positive pre-start and accelerate the digestion of soybean inventories, and imports of soybean is still slow clearance rate may be other reasons; of course the recent spot price of domestic soybean meal approximation of the cost of line once near the price of oil plant very strong mind, and therefore slightly warmer end market psychology as well as the procurement of foreign soybean prices set against the background of continued alternating ups and downs, have spread the news stands, it would have more advantages than soybean meal cash market one of the factors.
Thirdly, CBOT soybean prices continued pattern of alternating ups and downs, interest in international financial markets
Since last week, CBOT soybean continue the trend of alternating ups and downs, as of March 12, the external market as well as crude prices soared to U.S. financial markets pick up beans provide a higher power, while the U.S. Department of Agriculture announced Wednesday a profitable impact Monthly also to market support. I am a professional writer from China Food, which contains a great deal of information about fume scrubber , digital cctv system, welcome to visit!
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