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Comments on soybean meal futures market last week (11.1)

 Last Update: 2003-03-12
 Source: Internet
 Author: User

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This week, Dalian soybean meal maintained a narrow range of consolidation, and the fluctuation range was basically kept within 30 points 105 contract was still a relatively active type of transaction in the market The contract fell below 1900 on Tuesday, but it returned to above 1900 for closing on the same day In the following days, it showed a strong resistance to falling in 1900 It closed at 1910 on the weekend, 3410 transactions were completed in the whole week, and the position was slightly reduced More than 1000 hands, currently 7016 hands Soybean market fell on the whole at the weekend, and the technical form was short In addition to the impact of the weakening US market, the recent fundamentals also caused great pressure on the market The situation of soybean meal market is similar to or even more severe than that of soybean Therefore, it is expected that in the near future, the meal price is expected to go out of the down market under the situation of heavy embarrassment, and the 1900 level of 105 contract may be difficult to protect China feed industry information network rai (author:)

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