LEast Asia Futures domestic beans stabilized rebound , or difficult to decline much space

CHICAGO edit that Na - supported by the Nikkei index rebounded on Wednesday CBOT soybean futures market has stabilized since the previous session after the closed limit down. May soybeans opened 1295 cents 1308 cents high, low of 1281 cents, 1287 cents, up 17 cents; November soybeans closed 1250.75 cents, up 12.75 cents. CBOT soy product futures market following the soybean shells high. May soybean oil closed 52.96 cents / lb, up 0.08 cents; May soymeal closed $ 344.5 / short ton, up $ 3.7.

overnight rebound in the Nikkei more than 5%, provide opportunities for soybean stabilized stabilized. Prudential Bache said senior grains analyst Shawn McCambridge, soybean successfully withstood the surrounding corn and wheat market downward pressure, due to the amount of U.S. soybean exports to Japan is less than other feed grains. However, today the U.S. stock market plunged and crude oil prices from an intraday high of a certain suppression of soybean.

domestic market rebounded slightly today to close at noon, 1201 soybean contract closed at 4443, up by 0.73%; 1201 soybean contract settled in 3273, up 0.03%; 1109 soybean oil contract closed at 9824, up 0.97%; 1109 palm oil contract closed at 9,000, up by 1.35%.

spot, the Shandong Day Zhao, Qingdao port imports of Argentina, the United States to maintain the West selling price of soybean points at 4,200 yuan / ton, up flat, Lianyungang, Jiangsu factory Price 43% protein soybean meal increased to 3070 yuan / ton, Yesterday's offer rose 20 yuan / ton, closing yet determined, yesterday traded 3030-3050 yuan / ton. Zhangjiagang giant oil stabilized stabilized, a soybean oil offer 10,050 yuan / ton, four oil offer 9,850 yuan / ton, unchanged from yesterday, quote;L four vegetable oils offer 9700 yuan / ton, 24-degree palm oil offer 9,300 yuan / ton, also unchanged compared with last offer for the 3-6 month delivery contract, the April delivery of 10 degrees bleaching palm oil offer 9,650 yuan / ton, 14-degree palm oil bleaching offer 9600 yuan / ton in May delivery contract, marking 16 degrees Palm Oil Price 9550 yuan / ton in June marking 18 degrees, palm oil delivery offer 9,500 yuan / ton, the transaction can be proposed.

stabilized as the market turned to panic fundamentals, low U.S. soybean stocks underpinned the recent market rally, but the current short-term downward trend has not reversed, the rally could continue for further observation. From the domestic disk trend, the soybean showed strong resilience, not below the pre-callback low, short-term rally in or continue to shock, short term recommendations early exit. Soybean oil and palm oil, despite the rebound in 2 consecutive short-term downward trend but not yet out of the short-term trend remains bearish, do more still should not buy the dips, short-term recommendations may be appropriate to lighten up short.

East Asia Futures Research

Xu Liang

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