The spot price of vegetable meal is stronger or with the futures out of the bottom

CNCto view the latest marketCNCcontent summary:CNCthe domestic spot market, due to this year's increase in the price of processing enterprises, increase the cost of processing vegetable meal, resulting in a strong rise in the price of vegetable meal, and, and, under the strong boost of the current aquatic feed season demand, the spot price of vegetable meal snare sits at a high level; The focus of the 1309 contract will be moved up above 2600, and the vegetable meal 1401 contract will gradually strengthenCNC
First, the second batch of folding prices continue to rise vegetable meal spot strong difficult to change
CNCthis year, the central grain reserves significantly increase the rapeseed processing enterprises to make up for the weak impact of vegetable oil on the market, last year the price of vegetable meal in 2300-2400 yuan / ton, this year Hubei oil plant back to sell the central storage The price of the first batch of grain meals in 2630-2650 yuan / ton, Hunan, Sichuan, Anhui and other provinces will be the grain discount of 2700 yuan / ton to the oil plant, oil plant processing enterprises to increase the production cost of vegetable meal sage to promote the rapid rise in spot prices, build the bottom of the price of vegetable mealsAt present, the rapeseed market in Hubei region is quoted at 2780-2830 yuan/tonne, which is generally stableIt is reported that the second batch of pro-storage indicators have been issued, the grain reserves intend to increase the price of vegetable sourcing to 2680-2700 yuan / ton, higher than the first batch of return prices 50 yuan / ton; Recently, the central sale of grain in the central market, oil plant return costs are higher, the price of vegetable meal to form a support, the market expects before October, the price of vegetable meal is difficult to fall significantlyCNC
CNCSecond, aquatic feed demand
CNCin recent years, with the improvement of the quality of living standards, people's consumption of aquatic products increased year by year, the total output of aquatic products increased year by year; CNC
CNC three, vegetable oil weak squeeze profit support edgdown price psychology is strong
CNC at present, due to vegetable oil not other oil price spread expanded, resulting in strong demand for vegetable oil, and because of the beginning of this year vegetable oil dump storage volume is less, vegetable oil inventory is high, imported vegetable oil volume continues to maintain a high level; 650 yuan / ton, calculation, the processing cost of vegetable oil in 10600 yuan / ton, but the spot vegetable oil sales price is much lower than the production cost; CNC
CNC 4, the long-term situation of vegetable meal is still not optimistic
CNC in the near term, due to the continued decline in Canadian rapeseed prices, resulting in a gradual reduction in the cost of imported rapeseed, the current rapeseed forward November contract import costs at 4667 yuan / ton, far below the current domestic rapeseed spot price, import advantage is very obvious, rapeseed The reduction of import costs will indicate a weak decline in the price of vegetable meal sage in post-processed products, and over time, the demand for vegetable meal feed will slow down significantly after the autumn and winter season, when demand slows down, the seasonal off-season is more obvious, domestic rapeseed does not import rapeseed price difference will continue to expand, in the long run, the situation of rapeseed is optimistic CNC
CNC V, operation proposal CNC by the spot price boost, vegetable meal 1309 contract strength is more obvious, mainly in the current season of vegetable consumption, and the advantages of delivery of the contract in September is gradually obvious, the recent second batch of folding price, vegetable meal production costs continue to rise to 268 0 first line, combined with storage fees and delivery fees and other related costs calculation, delivery costs of 70 yuan / ton, vegetable meal 1309 contract is currently in 2610 yuan / ton below the buyer's preservation advantage, the spot strong support, the contract will maintain a strong in recent months CNC
Boosted by the factors of the second batch of turn-over price increase, the vegetable meal forward 1401 contract has recently been strong upward, although the forward demand is weak and the price is mainly affected by the import price, but the recent strong spot led the vegetable meal 1401 contract out of the bottom, the current bottom ingenuity under 2200 basically completed Recently break through the pressure near 2230 will continue to move towards 2300, after the correction finishing again test, 2300 pressure will be weakened, the late or will break through the 2300 pressure to continue to strengthen the upward, in operation relying on more than 2200 single to continue to hold as appropriate CNC
Figure 5-1 rapeseed meal 1401 contract date K line chart CNC CNC CNC to view the latest market CNC content summary: CNC the domestic spot market, due to this year's increase in the price of processing enterprises, increased the cost of processing oil plant vegetable meal, resulting in a strong price of vegetable meal, and the current high season of feed demand to boost the strong The focus of the 1309 contract will be moved up above 2600, and the vegetable meal 1401 contract will gradually strengthen CNC
First, the second batch of folding prices continue to rise vegetable meal spot strong difficult to change
CNC this year, the central grain reserves significantly increase the rapeseed processing enterprises to make up for the weak impact of vegetable oil on the market, last year the price of vegetable meal in 2300-2400 yuan / ton, this year Hubei oil plant back to sell the central storage The price of the first batch of grain meals in 2630-2650 yuan / ton, Hunan, Sichuan, Anhui and other provinces will be the grain discount of 2700 yuan / ton to the oil plant, oil plant processing enterprises to increase the production cost of vegetable meal sage to promote the rapid rise in spot prices, build the bottom of the price of vegetable meals At present, the rapeseed market in Hubei region is quoted at 2780-2830 yuan/tonne, which is generally stable It is reported that the second batch of pro-storage indicators have been issued, the grain reserves intend to increase the price of vegetable sourcing to 2680-2700 yuan / ton, higher than the first batch of return prices 50 yuan / ton; Recently, the central sale of grain in the central market, oil plant return costs are higher, the price of vegetable meal to form a support, the market expects before October, the price of vegetable meal is difficult to fall significantly CNC
CNC Second, aquatic feed demand
CNC in recent years, with the improvement of the quality of living standards, people's consumption of aquatic products increased year by year, the total output of aquatic products increased year by year; CNC
CNC three, vegetable oil weak squeeze profit support edgdown price psychology is strong
CNC at present, due to vegetable oil not other oil price spread expanded, resulting in strong demand for vegetable oil, and because of the beginning of this year vegetable oil dump storage volume is less, vegetable oil inventory is high, imported vegetable oil volume continues to maintain a high level; 650 yuan / ton, calculation, the processing cost of vegetable oil in 10600 yuan / ton, but the spot vegetable oil sales price is much lower than the production cost; CNC
CNC 4, the long-term situation of vegetable meal is still not optimistic
CNC in the near term, due to the continued decline in Canadian rapeseed prices, resulting in a gradual reduction in the cost of imported rapeseed, the current rapeseed forward November contract import costs at 4667 yuan / ton, far below the current domestic rapeseed spot price, import advantage is very obvious, rapeseed The reduction of import costs will indicate a weak decline in the price of vegetable meal sage in post-processed products, and over time, the demand for vegetable meal feed will slow down significantly after the autumn and winter season, when demand slows down, the seasonal off-season is more obvious, domestic rapeseed does not import rapeseed price difference will continue to expand, in the long run, the situation of rapeseed is optimistic CNC
CNC V, operation proposal CNC by the spot price boost, vegetable meal 1309 contract strength is more obvious, mainly in the current season of vegetable consumption, and the advantages of delivery of the contract in September is gradually obvious, the recent second batch of folding price, vegetable meal production costs continue to rise to 268 0 first line, combined with storage fees and delivery fees and other related costs calculation, delivery costs of 70 yuan / ton, vegetable meal 1309 contract is currently in 2610 yuan / ton below the buyer's preservation advantage, the spot strong support, the contract will maintain a strong in recent months CNC
Boosted by the factors of the second batch of turn-over price increase, the vegetable meal forward 1401 contract has recently been strong upward, although the forward demand is weak and the price is mainly affected by the import price, but the recent strong spot led the vegetable meal 1401 contract out of the bottom, the current bottom ingenuity under 2200 basically completed Recently break through the pressure near 2230 will continue to move towards 2300, after the correction finishing again test, 2300 pressure will be weakened, the late or will break through the 2300 pressure to continue to strengthen the upward, in operation relying on more than 2200 single to continue to hold as appropriate CNC
Figure 5-1 Rapeseed 1401 Contract Day K Line Chart CNC CNC