Summary of international grain and oil futures trading (12.5)

Wheat: due to the technical rebound and the rising soybean product price, the soft red winter wheat price closed higher on Thursday, rising 2.5-4.5 cents per bushel, 4.5 cents to $2.56 in December and 4 cents to $2.7375 in March Tunisia purchased 168000 tons of soft wheat from Sweden, France, Argentina and other countries Algeria purchased 150000 tons of soft wheat from Germany and Argentina at a price of US $142 / ton C & F, which was shipped in January On Thursday, the International Grain Council estimated that the world's wheat production in 2000 would be 577 million tons, 2 million tons lower than last month's estimate, and 7 million tons lower than last year's estimate Corn: due to the rising soybean product price and the less than expected delivery of December contract, the CBOT corn price closed higher on Thursday, up 2.25-3.75 cents, up 3.75 cents to 2.0875 US dollars in December, up 3 cents to 2.205 US dollars in March, and only 1094 registered deliveries of December contract on Thursday, lower than the market's expected 1500-2000 The head of USDA's foreign agriculture bureau said Thursday that the Starlink problem has seriously affected U.S corn exports US private exporters said 108000 tons of US corn had been exported to Taiwan in the 2000 / 01 sales year Soybeans: most of CBOT soybeans ended higher Thursday, up 6.25 cents to 0.25 cents, and up 6.25 cents to $5.06 in January, due to a good outlook for exports to Europe and rising soybean meal prices According to USDA's weekly export report on November 23, China has purchased 1.74 million tons of us soybeans in 2000 / 01, of which 1.5 million tons have been delivered In October, the U.S supplied 148.9 million bushels of pressed soybeans, higher than the industry's forecast of 146.8 million bushels, which also supported the period price Soybean meal and oil: on Thursday, CBOT's soybean meal price closed higher due to widespread rumors that Europe will increase imports, and soybean oil price also closed higher due to fund purchases CBOT soybean meal futures closed up $3.60 to $0.30/ton, while January's price rose $2.20 to $190.90/ton, the highest closing price of soybean meal trading, while December's price rose to $196.00/ton, the highest price of soybean meal trading Soybean oil ended up 0.25 cents at 0.41 cents per pound, and rose 0.39 cents to 15.03 cents per pound in January It is widely believed that Europe will buy American soybean meal from the spot market Recently, the European Veterinary Association submitted a proposal on banning the use of meat and bone meal feed to the emergency meeting of EU agriculture ministers on Monday Traders believe that the rise in soybean oil prices is caused by the rumor that EU countries plan to ban the use of animal fat in feed France has started to implement it and proposed to implement it throughout the EU USDA's export statistics for the week of November 23 show that the net export of soybean meal is 207400 tons, while it is expected to be 75000-150000 tons, and the net export of soybean oil is 41900 tons, which is expected to be 5000-20000 tons; the monthly statistics of oil plants show that the soybean oil inventory in October is 2061 million pounds, which is lower than the expected 2.098 billion pounds; the soybean meal inventory in October is 317403 tons, which is lower than the expected 453000 tons Palm oil: Malaysia's palm oil rebounded on Thursday as supply dwindled and markets refocused on the harsh climate in the growing areas On Thursday, SGS released statistics on Malaysia's export volume in November, which was 913245 tons in November and 1060627 tons in October The meteorological department has warned of more rainfall and said abnormal weather could last until February The benchmark contract in February was up by 8 ringgit to 822 ringgit / ton, and the crude palm oil in the southern region was up by 785 ringgit / ton in December, with the transaction price of 770-780 ringgit; the crude palm oil in January was up by 815 ringgit / ton, with the transaction price lower than 805 Ringgit; the crude palm oil in the central region was up by 790 ringgit / ton, with the transaction price of 780-785 ringgit; the crude palm oil in January was up by 820 ringgit / ton, with the counter price of 815 ringgit, No deal was reported; RBD palm oil in December was $220.00/ton (FOB price), January was $227.50/ton; RBD palm oil in December was $237.50/ton, January was $245.00/ton; RBD industrial palm oil in December was $200.00/ton (1 dollar = 3.8 ringgit) China feed industry information network wvy (author:)