Soybean meal or continuation of the shock-biased pattern

point:m2ROvernight Soybean (4793, 12.00, 0.25%) futures lower: CBOT soybean futures were lower on Wednesday, traders said, hurt by technical sell-offs and monthly pressure data showing that U.Ssoybeans were not as fast as expectedThe cut in losses before the July contract closed was helped by a scarcity of old US supplies and a strong spot marketm2R
Ministry of Commerce: May imports of soybeans forecast arrival volume of 601.75 million tons: Ministry of Commerce statistics, in April 2013 China's actual imports of soybeans to Hong Kong volume of 4.285 million tons, lower than the previous estimate of 5.452million tons; In addition, the Ministry of Commerce statistics in April China's imports of soybean oil (7464,80.00, 1.08%) actually arrived in Hong Kong 795,000 tons, may no forecast to Hong Kongm2R
Pig prices have stabilized: according to the Monitoring of The Rich Data, the average price of pigs in all provinces of the country on May 15 was 12.25 yuan/kg, unchanged from the previous dayThe pig grain ratio was 5.28:1, down 0.01, or 0.23 percent, from the previous dayPig prices have risen slightly in the past few days and have recently fallen into stabilityIt is understood that shandong, Jiangsu parts due to the lack of short-term pig source of age-appropriate pigs caused by local pig source tension, pig prices affected by the riseHunan and Hubei have boosted pig prices as a result of a pick-up in rural market consumptionOverall, these factors can not form a substantial positive pig price, the overall range of oversupply situation still exists, short-term pig market difficult to risem2R operational strategy: m2R recent strong supply of U.S Chen bean has boosted the recent strong contract trend, but the expected surge in new soybean production has weighed on the long-term Domestically, soybean meal (3278, 30.00, 0.92%) supply is also relatively tight, spot performance will still resist decline, but after late May South American soybean arrival volume increased significantly, while domestic downstream consumption is still no big start, medium and long-term soybean meal will remain mainly empty Operationally, soybean meal 1309 for several consecutive days to challenge the previous 3285 short pressure level failed, coupled with the fundamentals above the superior, it is recommended that investors continue to high short-selling mainly, stop-loss level 3285 m2R Point: m2R Overnight Off-Market Soybean (4793,12.00, 0.25%) futures were lower: CBOT soybean futures were lower on Wednesday, traders said, hurt by technical sell-offs and monthly pressure data showing that U.S soybeans were not as good as expected The cut in losses before the July contract closed was helped by a scarcity of old US supplies and a strong spot market m2R
　　Ministry of Commerce: May imports of soybeans forecast arrival volume of 601.75 million tons: Ministry of Commerce statistics, in April 2013 China's actual imports of soybeans to Hong Kong volume of 4.285 million tons, lower than the previous estimate of 5.452million tons; In addition, the Ministry of Commerce statistics in April China's imports of soybean oil (7464,80.00, 1.08%) actually arrived in Hong Kong 795,000 tons, may no forecast to Hong Kong m2R
　　Pig prices have stabilized: according to the Monitoring of The Rich Data, the average price of pigs in all provinces of the country on May 15 was 12.25 yuan/kg, unchanged from the previous day The pig grain ratio was 5.28:1, down 0.01, or 0.23 percent, from the previous day Pig prices have risen slightly in the past few days and have recently fallen into stability It is understood that shandong, Jiangsu parts due to the lack of short-term pig source of age-appropriate pigs caused by local pig source tension, pig prices affected by the rise Hunan and Hubei have boosted pig prices as a result of a pick-up in rural market consumption Overall, these factors can not form a substantial positive pig price, the overall range of oversupply situation still exists, short-term pig market difficult to rise m2R operational strategy: m2R recent strong supply of U.S Chen bean has boosted the recent strong contract trend, but the expected surge in new soybean production has weighed on the long-term Domestically, soybean meal (3278, 30.00, 0.92%) supply is also relatively tight, spot performance will still resist decline, but after late May South American soybean arrival volume increased significantly, while domestic downstream consumption is still no big start, medium and long-term soybean meal will remain mainly empty Operationally, soybean meal 1309 for several consecutive days to challenge the previous 3285 short pressure level failed, coupled with the fundamentals above the superior, it is recommended that investors continue to high short-selling mainly, stop-loss level 3285 m2R