搜档网
当前位置:搜档网 › Soybean price

Soybean price

Soybean price
Soybean price

Soybean price is decreasing in the past few days, mainly the reason can be divided into two parts.

1International conditions

Because of the good weather and increase harvest acre, 09/10 Argentina soybean

production increase from 32 million tons last year to 48 million tons. Brazilian production rises 11% to 63.7 million tons. It is estimated soybean yield in Southern Hemisphere goes up by 26.7% to about 123.13 million tons. Soybean harvesting in South America is almost

completed. Additionally, 10/11 plant is relatively good compared to the last year. Good grow causes the bad news in soybean price.

The going up of USD pressure on general commodities including soybean and deviation of Greek crisis are also important factors to decrease in soybean price.

2Chinese conditions

As the close of CGRC storage plan in the end of April, soybean price declined. The lower price of import soybean competes to Chinese soybean. Oil factory and soybean trading company want to purchase in low price and hit the soybean price. The meager profit of oil manufacturer pushes them to choose the low price soybean.

3Future trend

In short term, soybean price will rise slightly. There are two reasons for that, one is the issue of RMB reform push forward soybean price, hot money rush into the commodity market to push soybean increase. The other is COFCO will build pig farm, the annual pig cultivation will be 600,000 pigs. This news will support the soybean meal price and soybean meal has

something to do with the soybean price.

In long term, soybean price will decline. Recently, the quantity of soybean arrived in

Chinese port has reached 600,000 tons which is twice as much as normal level. Oil factories are loosing money when producing oil and the operation rate is still very high. As summer coming up, the oil and livestock consumption are relatively low, that will lower the soybean price. Soybean harvest is quite good this year globally. All these factors will make soybean price go down in the long term.

相关主题