Tianfeng Futures: beans, oil fluctuated recently with the main

Updated: October 20, 2015  Views: 2

Social business Oct. 20 hearing

Focus on: soybean meal and soybean oil

Action proposed: involvement in the Chinese economic worries, CBOT soybean futures ended lower on Monday afternoon at the US Department of Agriculture report showed October 18 the week, the soybean harvest was 77% growth in November soybean futures contract fell 7-1 / 4. cents to $ 8.91 per bushel. December soymeal ended down 1.2 US dollars, reported $ 310.8 per short ton. December soyoil fell 0.46 cents to 28.14 cents US Department of Agriculture's weekly export inspection shows

The week ended October 15, 2015, the United States of China (mainland China) Shipping 1,806,087 tons of soybean, roughly equivalent to the number of 32 Panamanian ship models freighter shipment. As a comparison, a week before shipment 1,467,435 tons of soybeans in the long term oil fundamentals is still oversupply, the fundamentals remain weak, and expected short-term difficult to change, but further downside is relatively limited. US soybean fell for 24, domestic three fell below 7 percent quarter GDP data, commodities fall with the disk, beans Class of fat still need to continue to rebound with the news recently with fluctuated mainly interval (5300,5700), the main investor interval operation.

(Source: Tianfeng futures, author: Mazhan Li)

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