Rumors of domestic futures market
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Last Update: 2008-11-03
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Source: Internet
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Author: User
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Introduction: it is said that, despite the central reserve grain bidding and purchasing activity held in Shijiazhuang last weekend, wheat sold 215000 tons, with a relatively high price range of 1600-1690 yuan / ton However, due to the relatively scattered source of procurement, it will not bring too much support to the spot market, nor bring too much subject matter to the futures market, as evidenced by today's high opening oscillation trend of prices However, there is news on the floor that with the coming of the May Day holiday consumption peak season, the main funds of Zhengmai market may launch a wave of rebound market based on this theme It is said that Liandou market's main short funds actively increased their positions in soybean meal market In order to reduce the short-term risk, this part of funds finally chose the soybean meal market, which has obvious weakness in both futures and spot markets, as the short-term haven due to signs of strength in the external market, according to the information on the market According to people familiar with the matter, at present, due to the low sales of most domestic oil plants, the pressure on soybean meal inventory has greatly increased, and incomplete statistics on soybean meal inventory of domestic oil plants may exceed 1 million tons Most people are not optimistic about the spot price of soybean meal in the future
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