Macro-negative saudiates, collective rise of soybean meal

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ZGi: Chicago Board of Trade (CBOT) soybean futures closed higher on Monday, led by july contracts in recent months, as the U.Sspot soybean market strengthened and technical buying was on offer ahead of the release of a key U.Sgovernment reportThe July soybean contract closed 18-3/4 cents higher at $15.12 a bushel, the soybean meal contract closed up $3.30 at $451 a barrel and the July soybean oil contract closed down 0.47 cents at 47.55 cents a poundZGi
Domestic legumes rose collectivelyIn the main contract, soybean s1401 contract closed at 4,639 yuan/tonne, up 0.48 percent, soybean meal 1401 contract rose 1.38 percent to 3,161 yuan/tonne, and soybean oil 1401 contract rose 32 yuan to 7,438 yuan/tonneZGi
News:ZGi1, the latest report shows that global soybean meal production is expected to be 186.9 million tons in 2013/14, compared with 179.4 million tons in the previous yearExports are expected to be 60.5 million tonnes, compared with 56.8m tonnes a year ehalf the previous yearThe end-of-year inventory is expected to be 7.9 million tonnes, compared with 7.5m tonnes a year ehalfZGi
2, China's Ministry of Commerce released the latest statistics show that China's June soybean imports forecast to Hong Kong 832.28 million tons, which will be the highest monthly level The Ministry of Commerce also said imports of soybeans were forecast to fall back to Hong Kong in July, at 4.2996 million tons ZGi
On the spot side, the average purchase price of food (quote area) bean was 4649 yuan/tonne, down 5 yuan/tonne from Friday Because of the difference in grain quality in the northeast producing area, the price is rather chaotic, and the price of local areas is again explored The average price of CP43 soybean meal from the main domestic oil plant was 4004 yuan/tonne, down 25 yuan/tonne from Friday The median price of bulk four-stage soybean oil was 7621 yuan per ton, down 38 yuan per ton from Friday's average price ZGi
On the weather front, Tuesday and Wednesday were generally dry, with the central and south-east generally dry, or localized showers and thunderstorms, with temperatures of 31-34 degrees Celsius Tuesday night temperatures 19-23 degrees Celsius, Wednesday temperatures 32-35 degrees Celsius Thursday through Saturday is partially cloudy or accompanied by widespread showers and thunderstorms Weather conditions will improve for surplus soybean seeding and crop growth ZGi
Viewpoint Summary: ZGi the short-term impact of macro-short-term negatives is limited, and pulse oscillations rise Technically, the soybean 1401 contract on the 4600 mark without attack, the interval oscillation pattern remains unchanged, within days by the 5-day moving average suppression of the upward blocked, temporarily wait and see Soybean meal 1401 contract re-standing under the flag-shaped downtrack, ultra-short-term can be cautious to look long Soybean oil 1401 belongs to the short-term anti-pumping, empty side of the dominant pattern unchanged, it is appropriate to rebound 7500 line continue to sell ZGi : ZGi : Chicago Board of Trade (CBOT) soybean futures closed higher on Monday, led by a recent July contract, as the U.S spot soybean market strengthened and there were technical buying ahead of the release of the key U.S government report The July soybean contract closed 18-3/4 cents higher at $15.12 a bushel, the soybean meal contract closed up $3.30 at $451 a barrel and the July soybean oil contract closed down 0.47 cents at 47.55 cents a pound ZGi
Domestic legumes rose collectively In the main contract, soybean s1401 contract closed at 4,639 yuan/tonne, up 0.48 percent, soybean meal 1401 contract rose 1.38 percent to 3,161 yuan/tonne, and soybean oil 1401 contract rose 32 yuan to 7,438 yuan/tonne ZGi
News: ZGi 1, the latest report shows that global soybean meal production is expected to be 186.9 million tons in 2013/14, compared with 179.4 million tons in the previous year Exports are expected to be 60.5 million tonnes, compared with 56.8m tonnes a year ehalf the previous year The end-of-year inventory is expected to be 7.9 million tonnes, compared with 7.5m tonnes a year ehalf ZGi
2, China's Ministry of Commerce released the latest statistics show that China's June soybean imports forecast to Hong Kong 832.28 million tons, which will be the highest monthly level The Ministry of Commerce also said imports of soybeans were forecast to fall back to Hong Kong in July, at 4.2996 million tons ZGi
On the spot side, the average purchase price of food (quote area) bean was 4649 yuan/tonne, down 5 yuan/tonne from Friday Because of the difference in grain quality in the northeast producing area, the price is rather chaotic, and the price of local areas is again explored The average price of CP43 soybean meal from the main domestic oil plant was 4004 yuan/tonne, down 25 yuan/tonne from Friday The median price of bulk four-stage soybean oil was 7621 yuan per ton, down 38 yuan per ton from Friday's average price ZGi
On the weather front, Tuesday and Wednesday were generally dry, with the central and south-east generally dry, or localized showers and thunderstorms, with temperatures of 31-34 degrees Celsius Tuesday night temperatures 19-23 degrees Celsius, Wednesday temperatures 32-35 degrees Celsius Thursday through Saturday is partially cloudy or accompanied by widespread showers and thunderstorms Weather conditions will improve for surplus soybean seeding and crop growth ZGi
Viewpoint Summary: ZGi the short-term impact of macro-short-term negatives is limited, and pulse oscillations rise Technically, the soybean 1401 contract on the 4600 mark without attack, the interval oscillation pattern remains unchanged, within days by the 5-day moving average suppression of the upward blocked, temporarily wait and see Soybean meal 1401 contract re-standing under the flag-shaped downtrack, ultra-short-term can be cautious to look long Soybean oil 1401 belongs to the short-term anti-pumping, empty side of the dominant pattern unchanged, it is appropriate to rebound 7500 line continue to sell ZGi