Global Market Systemic Risk Strikes Again, Short Term Trading Evade Risk
Amid the turmoil in the Middle East, China may reduce the impact of commodity demand, March corn
futures
The closing price dropped 30 cents to 679.3/4 cents / bushels.
The market is worried about the volatile situation in Libya. The recent turmoil in Libya has pushed crude oil prices up sharply, thereby igniting the market's worries about the global economic recovery and making investors evade risks.
The market expects the slowdown may damage demand.
Maize as
Agriculture products
(18.03,0.00,0.00%) the last fall in the market. The low price of wheat and soybeans has been revised before.
Compared with the rising prices of crude corn in 2008, analysts expect corn to reflect a different price rise in crude oil prices this year.
Corn: Tuesday, geopolitical influence, crude oil futures prices rose sharply, but domestic performance on Tuesday was significantly weaker. From the trend of rubber and plastics, which had the highest correlation with crude oil trends, the weakness of the domestic market remained unchanged.
But compared with the surrounding cotton and Shanghai zinc diving market, the trend of domestic agricultural products on Tuesday is relatively strong.
The spot price of port corn is stable, which will bring a lot of support to the price.
Tuesday, Dalian Port (3.99,0.00,0.00%) corn flat price 2130-2140 (stable) yuan / ton above, Jinzhou port (4.50,0.00,0.00%) corn flat 2130-2140 (stable) yuan / ton, at present, Guangdong port quality better corn mainstream paction price in 2230-2250 (stable) yuan / ton, port corn inventory 21-22 million tons, in a turbulent situation, enterprise wait-and-see mentality increased.
After the operation, last night was affected by systemic risk, the US disk agricultural products all down, is expected today.
domestic market
We will still face heavy losses. At present, when the external situation is turbulent, we need to adhere to the idea of short term trading, pay close attention to the spread of systemic risks, and wait for prices to stabilize before entering the market.
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