Summary of international grain and oil futures trading (12.1)

Wheat: CBOT soft red winter wheat prices closed lower on Tuesday, falling 1.75-3.5 cents per bushel, 1.75 cents to $2.555 in December, and 2.25 cents to $2.7325 in March, as concerns about the U.S winter wheat crop slowed down On Monday, USDA said 94% of American winter wheat has been sown, with an average of 91% in five years; 85% has emerged, lower than 93% in five years; 59% has grown well, higher than 43% last year The December contract was largely closed before Thursday's first notice Tuesday's trading volume is estimated to be 40000 futures and 3500 options Corn: CBOT corn futures closed lower on Tuesday as funds sold and December contracts closed GM Starlink corn continues to plague the market The EPA has appointed a 16 person panel of doctors and biologists to meet this week to determine whether Starlink corn is safe for human consumption Tuesday's trading volume is estimated to be 125000 futures and 13000 options Soybeans: CBOT soybeans closed higher Tuesday, up 2-3.5 cents, and rose 3.5 cents to $5.0075 in January, due to short covering and promising export prospects The ban of meat and bone meal feed in European countries has increased the export opportunities of American soybean products Soybean prices have risen sharply since the French ban was announced two weeks ago Oil world estimates that the EU's soybean meal demand in 2001 (as of September) will increase from 50.53 million tons in the previous year to 52.22 million tons, and the import volume will increase from 16.2 million tons to 17.1 million tons, and most of the increased imports are expected to come from South America Tuesday's trading volume is estimated to be 42000 futures and 13000 options Soybean meal and oil: on Tuesday, CBOT soybean meal price was strong due to the promising prospect of soybean meal export, while soybean oil price also rebounded CBOT soybean meal futures closed up $0.40 to $0.30/ton, while January prices rose $0.20 to $186.60/ton Soybean oil prices closed 0.08 cents higher at 0.01 cents / pound, while January prices rose 0.03 cents to 14.76 cents / pound Traders expect soybean meal to continue to rise as EU countries continue to ban the use of meat and bone meal, and look forward to good export statistics in Thursday's USDA weekly report The German government has submitted a bill banning the use of meat and bone meal, waiting for parliament to vote over the weekend German health minister Fisher announced that German feed manufacturers have automatically stopped producing feed containing animal meat and bone meal from Wednesday Traders believe that the rebound in soybean oil prices is due to technical factors after a continuous decline in recent weeks On Monday, 40000 CBOT soybean meal futures and 3000 options were traded; 40000 soybean oil futures and 1500 options were traded Palm oil: Malaysia's palm oil futures ended lower Tuesday on the impact of Monday's CBOT soybean oil futures decline and expected November exports decline On Thursday, SGS and its are expected to announce that Malaysia's export volume statistics for November 1-30 will be significantly reduced, because earlier statistics show that exports have declined Traders believe that Indonesia has gained market share in some Malaysia due to the low price of palm oil, and Indonesia is generally 5-10 US dollars / ton cheaper than Malaysia's palm oil of the same specification The benchmark contract in February decreased by 21 ringgit to 823 ringgit / ton, the crude palm oil in the southern region in December was 800 ringgit / ton, and the transaction price was 795 ringgit / ton; the crude palm oil in the central region in December was 795 ringgit / ton, and the transaction price was 795-800 ringgit; the RBD palm oil in December was 225.00 USD / ton (FOB), and 230.00 USD / ton in January; the RBD palm oil in December was 242.50 USD / ton, and 245.00 USD / ton in January USD / T; RBD industrial palm oil in December was $200.00/t (1 USD = 3.8 ringgit) China feed industry information network X6B (author:)