Weekly domestic and foreign soybean Reviews

OA show ('918 '); [weekly domestic and foreign soybean review] Chicago soybean jumped to the market opening, and once hit the key resistance level of last Friday's large-scale decline at the weekend However, it met resistance under long position closing, volume shrank, and position volume still increased in the long term Intraday: CBOT soybeans have fallen sharply in recent years, which has fallen into a very low historical area In addition, it is rumoured that cases of foot-and-mouth disease in the north of the United States have been officially tested by the United States Department of agriculture, and their "cases" are negative It can be seen that the spread of foot-and-mouth disease virus does not exist, so the sharp rise and rebound of soybeans are also in the situation At the beginning of this week, Dalian soybean was stimulated by the sharp fall of Chicago soybean in the United States, but it jumped short and opened sharply However, under the main buy of bulls and the profit recovery of profit bears, the period price has risen all the way and rushed to the high of this week Main market S109 rose to 2061 first-line resistance fell, after repeated downward revisions in 2042 by buying support as a rebound report The main large investors firmly control the market with abundant funds, and force short positions, especially small and medium-sized scattered short positions out of the market The current pattern has been in a balanced pattern, and it is difficult for the period price to fall sharply before the main positions are closed The planting area of international soybeans and the harvest of South American soybeans have already been determined It is unlikely that the bad will be amplified again However, the disastrous psychological impact of foot-and-mouth disease on soybean and feed market is far from cold in one day, and the psychological negative will still grow At present, the market may be dominated by funds, and there is no substantial change in fundamentals It is still difficult to put Dalian soybean in the next city We should focus on the changing positions and main long positions China feed industry information network VRU (author:)