129773188869531250_47Shanghai China International: Gao Kaigao meal to go continue to hold
"Market" Chicago (CBOT) soybean market closed higher on Friday, due to concerns the US beans irreparable global demand for soybean planting.
Active trading May soybean contract closed 16-1/4 cents a bushel higher 1365 cents. Today the main contract 3,255, M1209 Yuan/ton, the highest price of 3,263 Yuan/ton,Minimum hit 3,242 Yuan/ton, trading closed at $ 3,260 per ton, compared with the same period a settlement prices up 41 points.
Trading volume to 952,000, positions per cent to 15,726. "The fundamentals" on Friday, Farm Futures magazine surveys of farmers is expected, expected 2012 United States soybean plantingArea of up to 76 million acres, is higher than the preliminary estimate of 75 million USDA acres, us soybean planting 75 million acres last year. Today, some port distribution of soybean prices stabilized. Guangzhou Huangpu port 3,900 Yuan/ton, price stability, Zhejiang 4,000 yuan/ton, price stability, Jiangsu Zhangjiagang 4,000 yuan/ton,Price stability
tera power leveling, Shandong Qingdao 4,100 Yuan/ton, the price stability 3,950 Tianjin Yuan/ton
tera power leveling, the price stability 3,950 dollars/ton of Liaoning province Dalian port, Shanghai 3,900 Yuan/ton, price stability. Over the weekend, national slaughter pigs price reduced to $ 14.46 per kg, compared to $ 14.57/kg, up down 0.8%. Pork prices to 2$ 4.13/kilogram, compared with $ 23.41 per kg, rose 3.1%. Piglet price $ 33.1/kg, rose 18.9%. Sows average $ 1715/head, rose 9.6%. National pig price is 4.94:1, pig grain prices 6.4:1, fell, 7.9%. Zifanziyang slaughterProfit of $ 221. "Market analysis" on Friday the US beans fell to stabilise today electronic shock rise higher, market focus remained centred on China imports and new works on the soybean acreage is expected us beans in medium-term rally is not over. Bean rose, driven by continued domestic soybean meal market in the United States rose, spot prices rose slightly to 20-50 Yuan/ton, but feedingEnterprise purchase carefully, remain with the attitude of buying. Port inventories dropped to 6.3 million tons of soybean, but an increase in soybean oil factory inventory, market demand for bean products limited. Cost price increase soybean meal prices
tera gold, but demand not to restrict soybean meal rose.
Trend of soybean meal market will maintain relatively strong shock. "Action recommended" even main meal M1209 contract wasKeep opened higher, but there is no effective coordination, limited upward space, short term, found the average system up, bull market, one can continue to hold, but not higher.
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