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Soybean Meal Futures under Higher Pressure with Increased Arrivals of Soybeans at Ports

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2014-12-25 11:17:55 来源:大连商品交易所网站 

  Despite the short-term positive news of the supply and demand report on the U.S. soybeans, the increasing supplies and inventories of soybeans worldwide will still suppress the soybean futures prices. In South America markets, the yields of the soybean are expected to increase further and the export policy of Argentina is likely to put some competitive pressure on the export of the U.S. soybeans. In the domestic market, with the arrivals at ports and the operating rates increased, the spot goods of soybean meal are in the face of increasingly higher pressure. Therefore, it is suggested that basically the bearish operation should be adopted for the Soybean Meal 1505 Contract around RMB 2,900-2,950 / ton.

  

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