Zhongzhou futures December 6 Dalian corn morning technology market
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Last Update: 2008-11-03
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Source: Internet
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Author: User
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Introduction: last Friday (December 3), CBOT corn opened with a small jump, and the period price rose December contract opened 194.25, the highest 196.5, the lowest 193.75, closing 196.25, up 3.75 cents; March contract opened 205.75, the highest 207.5, the lowest 204.75, closing 207.25, up 3.25 cents The total trading volume of corn futures is about 64000, and the net buying volume of the fund on that day is about 5000 The sharp rise of wheat on that day played a leading role in the corn market The breakthrough of the 10-day average price of 206.25 cents in March contract intraday triggered short covering of the fund, but it was finally suppressed by the high in the week The news that 110000 tons of American corn were newly purchased by anonymous buyers released by USDA before the same day's trading made the base price of yellow corn No.2 delivered in December of the same day rise to 31.5 cents / bushel, and the firmness of spot base was also one of the reasons for the higher corn price But some traders don't think the rally will last long After all, the fundamentals of overall bad market will continue to suppress the price According to the CBOT corn futures position report released by CFTC after hours, the total position as of November 30 was 584558, with 57775 positions reduced Among them, the number of fund multiple orders is 76477, minus 21145; the number of fund multiple orders is 160255, minus 684; the number of commercial multiple orders is 383483, minus 7699; the number of fund multiple orders is 256796, minus 38068 On Saturday (December 4), heavy snow fell in Jilin, the main corn producing area, and the temperature has dropped to - 6 ℃ to - 16 ℃ The peak of mass market of new season corn is coming, at this time, the focus of the market should gradually shift from supply to demand The double festival is near, which is the seasonal consumption climax of traditional agricultural and sideline products in China Therefore, it is suggested that the majority of domestic investors should actively change their thinking and research the market from feed consumption, industrial demand and export trade At present, they should continue to maintain a shorter and longer investment concept for Dalian's corn futures
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