Supply eases soybean meal price weak run

support for contracts in recent months will not fade until argentina's farmers' sales strikeIn the absence of much change in the weather, the long-term contract will still be depressed by the increase in planting area, good yield outlook, although the downstream demand for domestic soybean meal has improved, but the expectation that the supply will be more and more abundant will eventually make the period price to weak operationm69
During the Long Holiday of China's Dragon Boat Festival, CBOT beans futures re-emerged near strong and weak volatility trend, the Ministry of Agriculture reported in June that the market was still struggling with the old supply tight and the new production prospectsAffected by this, domestic soybean meal contracts on Thursday morning, although slightly higher open, but the intraday volatility lowerm69The Department of Agriculture reported a neutralm69the U.SDepartment of Agriculture's June 12 supply and demand report showed that U.Ssoybean carry-over stocks for 2012/2013 were 125 million p.m., flat from the previous month's report and in line with market averagesU.Ssoybean cultivation remained unchanged at 77.1 million acres in 2013/2014, below the market average of 77.8 million acres, soybean yields remained unchanged at a record 44.5 bushtons per acre, total production was 3.39 billion bushels, and U.Ssoybean carry-over stocks for 2013/2014 remained unchanged at 265 million, slightly below the market expectations of 268 million bushelsm69
Overall, the U.SDepartment of Agriculture report on U.Ssoybean supply and demand data change slittled, the market is more concerned about the old inventory, new planting area has not made any adjustments, however, the market is still inclined to the Department of Agriculture will be released on June 28 in the quarterly inventory and planting area report to the United States new soybean planting area to raise, so less than the market expectations of the new inventory data on the pulse market more limited impactThe fundamentals from the related grain markets were mostly hollow, as the Department of Agriculture expected higher-than-expected stocks of corn and wheat, and the report's negative impact on corn and wheat was likely to drag down beansm69the pressure of production in South Americam69the sale of Argentine farmers has again delayed the pressure of south American productiveBuenos Aires, June 11 (Xinhua) -- Argentine farmers will suspend crop sales for nearly a week from Saturday (June 15) in protest at the government's economic and trade policies, the country's main agricultural organization said On TuesdayThe Argentine Agricultural Union said the strike would begin on Saturday and continue until next Wednesday (June 19)Next Thursday and Friday coincide with Argentina's public holiday, which means grain sales are scarce for the rest of the weekArgentina is the world's number one exporter of soybean oil and soybean meal, and the third-largest supplier of corn and soybeansm69China's supply and demand will improvem69supply, with the increase in the number of Brazilian-rich soybeans to Hong Kong, China's imported soybean port stocks are expected to be replenished, soybean meal supply tension will gradually ease According to unofficial agencies, the total amount of soybean imports imported from domestic ports in June was 7.28 million tons, down from the previous estimate of 7.8 million tons, due to some of the ship's arrival or delay edifice until July, and a small number of ships were washed But imports of 7.28 million tonnes have also set a record for a single month Soybean arrivals rose to 7-7.5 million tonnes in July, up from an earlier estimate of 6.5m tonnes, as some shipments were delayed until July As the number of imported soybeans arrives increases, port inventories will gradually enter the path of recovery m69
　　On the demand side, both the poultry industry and the pig market are showing a warming trend The worst is over for the poultry industry, which accounts for more than half of total demand for soybean meal With the lifting of the IV-level warning of avian influenza and the reopening of the live poultry trading market, domestic end-consumer markets such as poultry and eggs began to gradually warm up, poultry meat, eggs and poultry seedlings prices compared to the outbreak period has a more obvious rebound, farmers breeding enthusiasm slowly restored And the second largest body of downstream demand for soybean meal, pig market is also in the secondary storage, holiday consumption, farmers selling and other factors supported by the beginning to come out of the trough, pig grain ratio has returned to 5.98:1 near the break-even line, although some areas have losses, but the overall loss range is limited, and compared with May has significantly improved m69 the support for contracts in recent months will not fade until Argentina's farmers sell strike In the absence of much change in the weather, the long-term contract will still be depressed by the increase in planting area, good yield outlook, although the downstream demand for domestic soybean meal has improved, but the expectation that the supply will be more and more abundant will eventually make the period price to weak operation m69
　　During the Long Holiday of China's Dragon Boat Festival, CBOT beans futures re-emerged near strong and weak volatility trend, the Ministry of Agriculture reported in June that the market was still struggling with the old supply tight and the new production prospects Affected by this, domestic soybean meal contracts on Thursday morning, although slightly higher open, but the intraday volatility lower m69 The Department of Agriculture reported a neutral m69 the U.S Department of Agriculture's June 12 supply and demand report showed that U.S soybean carry-over stocks for 2012/2013 were 125 million p.m., flat from the previous month's report and in line with market averages U.S soybean cultivation remained unchanged at 77.1 million acres in 2013/2014, below the market average of 77.8 million acres, soybean yields remained unchanged at a record 44.5 bushtons per acre, total production was 3.39 billion bushels, and U.S soybean carry-over stocks for 2013/2014 remained unchanged at 265 million, slightly below the market expectations of 268 million bushels m69
　　Overall, the U.S Department of Agriculture report on U.S soybean supply and demand data change slittled, the market is more concerned about the old inventory, new planting area has not made any adjustments, however, the market is still inclined to the Department of Agriculture will be released on June 28 in the quarterly inventory and planting area report to the United States new soybean planting area to raise, so less than the market expectations of the new inventory data on the pulse market more limited impact The fundamentals from the related grain markets were mostly hollow, as the Department of Agriculture expected higher-than-expected stocks of corn and wheat, and the report's negative impact on corn and wheat was likely to drag down beans m69 the pressure of production in South America m69 the sale of Argentine farmers has again delayed the pressure of south American productive Buenos Aires, June 11 (Xinhua) -- Argentine farmers will suspend crop sales for nearly a week from Saturday (June 15) in protest at the government's economic and trade policies, the country's main agricultural organization said On Tuesday The Argentine Agricultural Union said the strike would begin on Saturday and continue until next Wednesday (June 19) Next Thursday and Friday coincide with Argentina's public holiday, which means grain sales are scarce for the rest of the week Argentina is the world's number one exporter of soybean oil and soybean meal, and the third-largest supplier of corn and soybeans m69 China's supply and demand will improve m69 supply, with the increase in the number of Brazilian-rich soybeans to Hong Kong, China's imported soybean port stocks are expected to be replenished, soybean meal supply tension will gradually ease According to unofficial agencies, the total amount of soybean imports imported from domestic ports in June was 7.28 million tons, down from the previous estimate of 7.8 million tons, due to some of the ship's arrival or delay edifice until July, and a small number of ships were washed But imports of 7.28 million tonnes have also set a record for a single month Soybean arrivals rose to 7-7.5 million tonnes in July, up from an earlier estimate of 6.5m tonnes, as some shipments were delayed until July As the number of imported soybeans arrives increases, port inventories will gradually enter the path of recovery m69
　　On the demand side, both the poultry industry and the pig market are showing a warming trend The worst is over for the poultry industry, which accounts for more than half of total demand for soybean meal With the lifting of the IV-level warning of avian influenza and the reopening of the live poultry trading market, domestic end-consumer markets such as poultry and eggs began to gradually warm up, poultry meat, eggs and poultry seedlings prices compared to the outbreak period has a more obvious rebound, farmers breeding enthusiasm slowly restored And the second largest body of downstream demand for soybean meal, pig market is also in the secondary storage, holiday consumption, farmers selling and other factors supported by the beginning to come out of the trough, pig grain ratio has returned to 5.98:1 near the break-even line, although some areas have losses, but the overall loss range is limited, and compared with May has significantly improved m69