Soybean meal prices bottomed up in May June or will shock back

soybean meal since the beginning of May began to bottom up, the spot market price from 3850 yuan / ton rose to a maximum of 4150 yuan / ton, the futures market before the main 1309 contract rose to the highest price of 3600 yuan / ton on June 5, the current main 1401 contract rose to the highest price of 3307 yuan / ton, the two contracts after the highest price began to adjustSoybean meal spot market inventory is tight, the market expected a large increase in imported soybeans to Hong Kong after the market, resulting in soybean meal futures water, soybean meal futures 1401 contract is expected to increase the impact of the new year soybean production, the phenomenon of long-term contract wateringVF8
Tight spot inventory, delays in imported soybeanarrival to Hong Kong, and soybean meal futures over-the-top by the avian flu outbreak are the main reasons for the rise in soybean meal prices in the current roundAt present, m1309 contract and M1401 contract in the highest price after the oscillation range, just with China's June, July and August arrival in Hong Kong soybeans, according to the point price after the cost of the calculation of the cost of soybean meal theoretical sales cost of 3500 yuan / ton, it can be said that the rising supply and demand aspects of the hype factors have been fully realized, the price trend will be determined by new factorsVF8
The main factors affecting the soybean meal 1309 contract have been largely realized after this rise, and the latter focuses on the progress of the spot market and whether the arrival progress of the port soybeans is expectedIn addition, the M1309 contract is at the new and old time alternate, although in previous years this time point of old goods exhausted, new goods did not list a large number of places, for the market to create conditions for many, but this year South American soybeans due to port problems, the time to reach our country is constantly delayed, which leads to the current stage of China's spot market supply tight, and the tight time point in previous years will have a large number of imports to Hong Kong, the latest expected July-August will be 12.9 million tons of soybeans to the port, so this year's difficult yonIt is expected that the price of the M1309 contract will remain oscillating and the spread will continue to narrow by moving the spot price closer to the futuresVF8
The factors affecting the M1401 contract of soybean meal are mainly concentrated in the production of soybeans in the new yearU.Sfarmers are likely to switch corn to soybeans due to the slow pace of corn planting due to early U.Srainfall, and although the U.SDepartment of Agriculture did not change its estimates for soybean and corn cultivation in June, U.Ssoybean production is likely to hit a new high in 2013/2014Under this tone, the price of the M1401 contract will always be suppressed, but the long-term weather speculation will give it a rebound momentum, and is the future soybean meal market price interpretation of the dominant factorVF8soybean meal since the beginning of May began to bottom up, the spot market price rose from 3850 yuan / ton to a maximum of 4150 yuan / ton, the futures market before the main 1309 contract rose on June 5 to the highest price of 3600 yuan / ton, the current main 1401 contract rose to the highest price of 3307 yuan / ton on June 3, the two contracts began to oscillate after the highest priceSoybean meal spot market inventory is tight, the market expected a large increase in imported soybeans to Hong Kong after the market, resulting in soybean meal futures water, soybean meal futures 1401 contract is expected to increase the impact of the new year soybean production, the phenomenon of long-term contract wateringVF8
Tight spot inventory, delays in imported soybeanarrival to Hong Kong, and soybean meal futures over-the-top by the avian flu outbreak are the main reasons for the rise in soybean meal prices in the current roundAt present, m1309 contract and M1401 contract in the highest price after the oscillation range, just with China's June, July and August arrival in Hong Kong soybeans, according to the point price after the cost of the calculation of the cost of soybean meal theoretical sales cost of 3500 yuan / ton, it can be said that the rising supply and demand aspects of the hype factors have been fully realized, the price trend will be determined by new factorsVF8
The main factors affecting the soybean meal 1309 contract have been largely realized after this rise, and the latter focuses on the progress of the spot market and whether the arrival progress of the port soybeans is expectedIn addition, the M1309 contract is at the new and old time alternate, although in previous years this time point of old goods exhausted, new goods did not list a large number of places, for the market to create conditions for many, but this year South American soybeans due to port problems, the time to reach our country is constantly delayed, which leads to the current stage of China's spot market supply tight, and the tight time point in previous years will have a large number of imports to Hong Kong, the latest expected July-August will be 12.9 million tons of soybeans to the port, so this year's difficult yonIt is expected that the price of the M1309 contract will remain oscillating and the spread will continue to narrow by moving the spot price closer to the futuresVF8
　　The factors affecting the M1401 contract of soybean meal are mainly concentrated in the production of soybeans in the new year U.S farmers are likely to switch corn to soybeans due to the slow pace of corn planting due to early U.S rainfall, and although the U.S Department of Agriculture did not change its estimates for soybean and corn cultivation in June, U.S soybean production is likely to hit a new high in 2013/2014 Under this tone, the price of the M1401 contract will always be suppressed, but the long-term weather speculation will give it a rebound momentum, and is the future soybean meal market price interpretation of the dominant factor VF8