Soybean meal follows the market down, still weak for two weeks

Introduction:XQQthis week soybean meal 1401 contract with a sharp decline, the price rushed back to below the 3150 line, the market is expected to remain weak in the short termXQQ
From the downstream demand point of view, the aquaculture industry continues to recover, this week the national average price of pigs continued to rise, lean pig prices from 14.1 yuan / kg to about 14.27 yuan / kg, although the year-on-year is still low, but the recovery momentum is rapidPork prices to 22.73 yuan/kg, 2.43% YoY YoY, 3yuan piglets average price of 31.3 yuan/kg, 1.62% YoY, and sow average price of 1716 yuan/head, up -0.8% YoYThis week, the national pigXQQrose to 4.27:1 from 3.98:1 last week, up -6.06% YoY, and the ratio of pig grain to 5.97:1, up 2.75% YoYSelf-breeding out of the bar head are profitable to -40 yuan / headThe national pig farming industry has basically returned to break-even point up and down, the market can appear in the short term such a strong rebound, thanks to the country in order to stabilize pork prices, protect the aquaculture industry in frozen pork storage policy, but under the premise of stabilizing pork prices, this year's pig storage column or will not be too obvious changes, as of May Domestic pig storage column rose month-on-month, in May 2013 China's pig stock increased by 0.2% compared with the previous month, down 1.2% from the same period last year, often pork price slower than the low price of soybean meal, and the filling column peak season is likely to appear in the next breeding cycleXQQ
At the same time, we need to note that as of June 21, China's soybean arrival volume is expected to be 4.58 million tons, and in June the full month of soybean arrival sat in The Port is expected to be 7.25 million tons, the next 10 days China's imported soybean stake will further increase, which will form a huge supply pressure on the market, the previous speculation of imports reduced, soybean meal supply theme with the slow easing of soybean freight in BrazilChina's current soybean port inventory of about 6.24 million tons, compared with last week's significant increase, the current domestic soybean supply market is very abundant, once a large number of soybeans arrive in Hong Kong in the future, will further suppress soybean meal pricesXQQ
Technically, in the first two weeks of the soybean meal 1401 contract consecutively received two crossstars, indicating that the market is in a confused, but this week's long shadow of the big Yin line, has established the next two weeks the market will be weak trend tone, the price is likely to return to the starting point of this round of rebound near the 3015 lineFrom the daily line, this Friday's sharp fall in prices, has been close to the 30-day line of support, do not rule out the market at the beginning of next week around the 30-day line finishing, waiting for the interdi-mean system of bonding and the formation of price pressure, and then at the weekend there is a sharp decline trend From the trend point of view, by the impact of speculative funds, often soybean meal 1401 contract amplitude is too large for american beans and pro-pool varieties And with the position of the leaderboard of the main long change of hands faster, it is very likely to cause the market to appear more large fluctuations XQQ
For downstream demand enterprises, is still to take the buy-as-you-go procurement model, do not need to carry out too much stock, but it is important to note that in the beginning of the third quarter, often ushered in the beginning of the recovery of the soybean meal market, this round of decline is likely to hit the last low point of the year So in the next few weeks at the end of the second quarter, you can start to gradually prepare funds in the futures market for a long time to prepare for the weather, to avoid the U.S soybean speculation weather and soybean meal demand began to recover after the rise in prices XQQ
For oil mills, the short-term market trend will begin to be grim, the hands of the inventory must be in the futures market to preserve value, in order to counter the speculation calm period of the market to return to the negative fundamentals of the long-term downward journey XQQ
For medium- and long-term investors, they can continue to hold early short orders next week, with the price rebounding to the 3200 first-line exit In the long run, at the end of July, the price is likely to experience a new wave of downward decline, the target is 3000 below the line XQQ Introduction: XQQ this week's soybean meal 1401 contract with the market fell sharply, the price rushed back to below the 3150 line, the market is expected to remain weak in the short term XQQ
From the downstream demand point of view, the aquaculture industry continues to recover, this week the national average price of pigs continued to rise, lean pig prices from 14.1 yuan / kg to about 14.27 yuan / kg, although the year-on-year is still low, but the recovery momentum is rapid Pork prices to 22.73 yuan/kg, 2.43% YoY YoY, 3yuan piglets average price of 31.3 yuan/kg, 1.62% YoY, and sow average price of 1716 yuan/head, up -0.8% YoY This week, the national pig XQQ rose to 4.27:1 from 3.98:1 last week, up -6.06% YoY, and the ratio of pig grain to 5.97:1, up 2.75% YoY Self-breeding out of the bar head are profitable to -40 yuan / head The national pig farming industry has basically returned to break-even point up and down, the market can appear in the short term such a strong rebound, thanks to the country in order to stabilize pork prices, protect the aquaculture industry in frozen pork storage policy, but under the premise of stabilizing pork prices, this year's pig storage column or will not be too obvious changes, as of May Domestic pig storage column rose month-on-month, in May 2013 China's pig stock increased by 0.2% compared with the previous month, down 1.2% from the same period last year, often pork price slower than the low price of soybean meal, and the filling column peak season is likely to appear in the next breeding cycle XQQ
At the same time, we need to note that as of June 21, China's soybean arrival volume is expected to be 4.58 million tons, and in June the full month of soybean arrival sat in The Port is expected to be 7.25 million tons, the next 10 days China's imported soybean stake will further increase, which will form a huge supply pressure on the market, the previous speculation of imports reduced, soybean meal supply theme with the slow easing of soybean freight in Brazil China's current soybean port inventory of about 6.24 million tons, compared with last week's significant increase, the current domestic soybean supply market is very abundant, once a large number of soybeans arrive in Hong Kong in the future, will further suppress soybean meal prices XQQ
Technically, in the first two weeks of the soybean meal 1401 contract consecutively received two crossstars, indicating that the market is in a confused, but this week's long shadow of the big Yin line, has established the next two weeks the market will be weak trend tone, the price is likely to return to the starting point of this round of rebound near the 3015 line From the daily line, this Friday's sharp fall in prices, has been close to the 30-day line of support, do not rule out the market at the beginning of next week around the 30-day line finishing, waiting for the interdi-mean system of bonding and the formation of price pressure, and then at the weekend there is a sharp decline trend From the trend point of view, by the impact of speculative funds, often soybean meal 1401 contract amplitude is too large for american beans and pro-pool varieties And with the position of the leaderboard of the main long change of hands faster, it is very likely to cause the market to appear more large fluctuations XQQ
For downstream demand enterprises, is still to take the buy-as-you-go procurement model, do not need to carry out too much stock, but it is important to note that in the beginning of the third quarter, often ushered in the beginning of the recovery of the soybean meal market, this round of decline is likely to hit the last low point of the year So in the next few weeks at the end of the second quarter, you can start to gradually prepare funds in the futures market for a long time to prepare for the weather, to avoid the U.S soybean speculation weather and soybean meal demand began to recover after the rise in prices XQQ
For oil mills, the short-term market trend will begin to be grim, the hands of the inventory must be in the futures market to preserve value, in order to counter the speculation calm period of the market to return to the negative fundamentals of the long-term downward journey XQQ
For medium- and long-term investors, they can continue to hold early short orders next week, with the price rebounding to the 3200 first-line exit In the long run, at the end of July, the price is likely to experience a new wave of downward decline, the target is 3000 below the line XQQ