Light futures: 28 December

Pulse:

On Saturday, the CBOT potatoes continued to rise and were shattered by persistent drought in Argentina. Rainfalls in Argentina last weekend have staggered most of the arid areas, potentially damaging the potential of local potatoes. In addition, the cereal trade in Buenos Aires, Argentina, reported that 61 per cent of the country’s potato planting was currently completed, 18 percentage points below the same period last year. The exchange mentioned that, due to drought, large areas of soybean cultivation could be estimated at 200,000 hectares. On the domestic pulmonary side, it is up to the surroundings. The start-up rate at last week’s oil plant was maintained at more than 2 million tons, soybean plumbing was normal, soybearing stocks rose to 500,000 tons, and the rate of escalation accelerated. As we approach the spring of Nabak, there has been an increase in the pre-removal protagonism, and soybeans are expected to improve. At the operational level, the diskette shattered a strong line of thinking, with a 35 counterset.

Oil resin:

On Sunday, BMD palm oil and CBOT soy oils were on the rise, as crude oil prices were high and markets were optimistic about China’s procurement needs. In nearly two working days, domestic prices for oil resin have increased violently, palm oil has risen and soy oil and vegetable oils have followed. Market transactions: first, domestic demand recovery is expected. The new coroner was downgraded to Level B, and Beijing, among others, had taken the lead in human flows and economic activity recovery, while the market considered other areas to be time-consuming, and improved demand for oil resin was expected in 2023. As the spring of Nawan is approaching, pre-department requirements are expected to be concentrated, the catering industry is expected to resume and the demand for oil and lipids will be gradually increased. The second is the return of international markets. The high prices, such as crude oil, reflect macroeconomic warming on the international market. In South America, with concern for soybeans, the global refrigeration rate is expected to slow down. Stockpiles of palm oil yields have declined, and land policies have come to the forefront. The high import cost also cushions domestic markets. At a later stage, the recovery of the country’s demand for oil resin was largely determined, but the process was either repeated or repeated. Correspondingly, prices are difficult to thrive, or they are repeated, and involve multiple ideas without suggesting a recovery.

Inomata:

On Sunday, the current price of the pigs continued to rebound, the future price shook, the contract of 2301 increased by 0.82 per cent in recent months, and the main engineering contract of $16685/ton fell by 0.71 per cent, and was collected at 16810 yuan/ton. In terms of current prices, there are significant data on the daily average price of China’s pigs of 17.94 yuan renminbi per kilogram, a cyclical increase of 0.22 yuan renminbi, and the average price of pigs of 17.78 yuan renminbi per kilogram on the southern market of the base circumstances, a ring comparison. At the demand end, demand has gradually stabilized across the region, with a gradual increase in the opening rate of slaughter enterprises, and on 26 December, an average opening rate of 33.25 per cent for slaughter operations and an increase of 1.43 per cent over the previous week. Short-term demand is likely to increase continuously, but the pig price is probably rebounded by a gradual demand surge in future demand. However, in view of the current performance of the pigs and spot markets, there is some pressure to continue in the short term. In the north-eastern part of the day, the price of pigs has been reversed, short-term pig prices or will enter the shock phase, future end-of-care needs and the impact of market emotional changes on the current and future prices of pigs.

Eggs:

On Saturday, terminal requirements are still fully restored, current prices continue to be recalculated and futures are split into the contract nearly a month. The contract in recent months has been dragged by the current prices and continues to be vulnerable. The main power of the 2305 contract, with its expected impact on the recovery of demand, has continued to rebound, with a 1.63 per cent increase per day, with $407/500 kg. The data show that the national price of eggs is 4.17 yuan renminbi per day, ringing down to 0.18 yuan renminbi. Of this amount, yuan renminent eggs 4.1/斤, ring a drop of 0.1 yuan renminbi, eggs of the Montenegrin market acres of 3.75 yuan renminbi, ring a drop of 0.15 yuan renminbi, eggs in the distribution area, a fall of 4.6 yuan renminus, a fall of 0.11 yuan renminbi, eggs in the wider state market and a fall of 0.15 yuan renminbi. End-users still pressure egg prices, and the current prices of eggs continue to be weak. As early as this spring, pre-shipment cycles are shorter than in previous years. Concerned about the start-up of end-demand requirements, the possibility of a rapid and substantial reversal of short-term egg prices is guarded. The latter city focuses on the impact of the recovery of demand on egg prices. Futures are concerned about financial flows and changes in market sentiment.

maize:

In recent times, the market was threatened by low temperatures in the Great Plains of the United States and by storm weather, feared that the United States winter wheat production was damaged and that the increase in wheat led to an increase in maize. After the fall in the price of the American maize main contract in mid-December to 635 meters backed by the gradual warming of weather in the CBOT cereal and beans markets, which are expected to be accompanied by the roll-out of the international cereal price, which is expected to relaunch the reverse. Mercan, maize, pushing up domestic maize prices, led to an increase in the monthly contract in March. It is worth noting, however, that in the course of the price trip, the monthly contract was siloed and the maize-weighted contract was reduced for two consecutive days. In March, the monthly contract paid short-term attention to price pressures at 2800 full points, with short-line operations continuing to shook over expectations.

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