Rigid demand drives feed raw material prices up in turn

Introduction: as the two main feedstuffs, soybean meal and corn have recently gone out of a round of continuous rising market, including the taste of "you sing and I come on stage" On March 16, when corn futures hit a record high, soybean meal futures rose only slowly In recent days, during the correction of corn price, soybean meal price suddenly came into force, the main contract 1209 rose nearly 2% on Friday, and rose more than 1.2% yesterday At the same time, the domestic soybean meal spot market is also a "rising" sound, the soybean meal spot factory prices of major oil plants have increased to varying degrees Since late December last year, the price of feed materials has risen, and there is still no sign of stopping VDP "the price rise of feed raw materials is mainly driven by the rigid demand of domestic feed enterprises." According to Tian, an oil producer in Dalian, the periodic imbalance between supply and demand has led to rising domestic soybean meal prices "Affected by the decline of domestic oil and soybean meal prices in the fourth quarter of last year, the operating rate of oil plants was generally reduced, and the soybean meal inventory was generally low Moreover, domestic feed enterprises are short of stock before the Spring Festival, and the strong demand for stock replenishment after the festival makes the soybean meal market supply suddenly tense " On Friday, with the rise of futures prices, the total position of soybean meal futures increased by more than 220000 hands, a new high since August 9 last year Yesterday, soybean meal futures continued to increase their positions In the early stage, the price of corn kept approaching the historical high, which indirectly raised the market's expectation of soybean meal price Mr Tian said that many domestic oil crushing enterprises are very optimistic about the future market of soybean meal On Friday, the transaction price of soybean meal (43% protein) of Zhangjiagang foreign oil factory was 3250 yuan / ton, 30 yuan higher than the previous day; the transaction price of soybean meal of Tianjin foreign oil factory was 3220 yuan / ton, 20 yuan higher than the previous day According to the position data of soybean meal 1209 contract, on Thursday, four futures companies, COFCO, SDIC, Yong'an and Bohai, increased their long positions by 52519 and held 96723 long positions in total On Wednesday, there were only 44204 soybean meal long positions On Friday and Monday, the above four seats continued to increase long positions, adding 72337 positions in total in two trading days In just three trading days, the positions of the four futures companies increased by 124856 long positions on the soybean meal 1209 contract, 2.82 times of the long positions held last Wednesday The majority of customers in positions such as COFCO and SDIC have the background of soybean meal spot production and trade, which greatly increases the long position of soybean meal, indicating that they continue to be optimistic about future soybean meal prices From this point of view, the spot market price of domestic feed raw materials may continue to rise, said Mr Xie, an investor VDp