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Cotton Led Agricultural Products, And Beans Fell Below The 60 Day Moving Average.

2011/3/9 17:49:00 71

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US Department Of Agriculture Cotton Soybean Yield

In the United States, the US Department of Agriculture released data showing that by the week of March 3rd, the export volume of soybean exports amounted to 26 million 379 thousand pears, a sharp decrease of about 13 million ppm compared with the previous week, and a decrease of about 8 million 200 thousand ppm compared with the same period last year.

The cumulative export inspection was 1 billion 176 million 600 thousand Pu, the same period of the same year 1 billion 147 million 800 thousand Pu, we can see that the export of us beans has been in a relatively low level in the near future, and the cumulative export inspection advantage is also becoming weaker and weaker than the previous year.

Due to the sluggish exports, analysts estimated the supply and demand report in March, the end of the year was 59 million 186 thousand tons, which increased by 976 thousand tons compared with the February report, which was a pressure on the market.

In South America, according to Chicago sources, analysts estimated the average soybean production in Brazil 10/11 to reach 69 million 781 thousand tons, 1 million 756 thousand tons higher than the estimated value in February.

The average soybean yield in Argentina was estimated at 49 million 188 thousand tons, and the average forecast in February was flat.

From the estimate, the market forecast for Brazil's output has been rising overall, while Argentina's output is also more optimistic. South American output is expected to create a bumper harvest.

Domestic, 7 March production area oil plant

Buy

The price of soybeans is 3780-3840 yuan / ton, the selling price of edible soybean in the sales area is 4300-4500 yuan / ton, and the distribution price of port soybean is 4250-4350 yuan / ton.

In May, the import cost of soybeans was between 4657-4696 yuan / ton. The import cost of soybeans in Brazil in May was 4523-4561 yuan / ton, and the import cost of Argentina in April was 4591-4630 yuan / ton.

The spot market remained stable yesterday, and the farmers were reluctant to sell. At the same time, the internal and external market performance was general and the policy suppression made it difficult for the oil refinery to raise the purchase price substantially. Only some oil refineries raised the price by 20 yuan / ton, so the acquisition of the oil factory is more difficult now.

On the downstream side, oil dregs are beginning to show signs of improvement and are expected to have a boost to soybeans.

In addition, compared with wheat, corn and rice, farmers' willingness to grow soybeans is relatively weak in the new year, and the planting area is expected to be reduced.

In March 7th, the cost of soybeans delivered to the Chinese ports in September 2011 was 4629 yuan / ton, and the cost of soybeans delivered to the Chinese ports in May 2011 was 4536 yuan / ton.

Internal contract: A1201 contract, closing price of 4453 yuan / ton, compared with the previous one.

Trading day

Settlement price -76 yuan / ton, turnover 117096 hands, positions compared with the previous trading day -276 hand.

M1201 soybean meal contract, closing price of 3393 yuan / ton, compared with the previous trading day settlement price of -52 yuan / ton, turnover of 187096 hands, positions compared with the previous trading day -6236 hand.

Outer disk: cause

dealer

Cut risk exposure, Tuesday CBOT soybean futures lower the line.

In May, soybeans closed 1382 cents, down 13 cents; in May, soybean meal closed at 360.4 US dollars / short ton, down 3 US dollars.

Affected by the overnight market, the beans in the early market were opened low.

Among them, Lian 1201 fell below the 60 day average line to receive the big Yin line, and the price moved down to 4475 areas.

The amount of soybean meal 1201 fell to the middle of the 3400 pass, and the price continued to run above the 60 day average.

Soybean oil 1109 was pressed on the 60 day moving average 10385 area, the concussion falls down the shade line, the turnover volume continues to be in the doldrums.

At the end of March, before planting intention report, the beans in the inner and outer dishes were mainly oscillating.

Specifically, Lian 1201 pays attention to 4400 - 4550 intervals; soybean meal 1201 pays close attention to the 3360 - 3450 interval; soybean oil 1109 pays attention to 10100 - 10390 intervals, high dumping and low suction, and less than 30% positions.