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Daily Review of Feed Raw Material Market [5.14]]
Release time:
2021-05-15
Daily Review of Feed Raw Material Market [5.14]]
The arrival of the enterprise is at a low level, and the price of corn is strong.
Dalian corn futures 2109 contract opened lower and closed lower.
On May 14, 2021, Dalian corn futures 2109 contract opened low to close down, the whole day weak down, the end of the market closed down, the main contract reduced position volume, closed negative line. Corn futures main contract 2109, opening 2800 yuan, the latest 2782 yuan, down 21 yuan, the highest 2808 yuan, the lowest 2761 yuan, settlement 2779 yuan, trading volume 530529, position 565365.
CBOTCorn futures close lower
Corn futures on the Chicago Board of Trade (CBOT) fell more than 5% on Thursday, with the index July contract triggering a limit of decline. Traders said that due to profit-taking after the futures price recently hit a multi-year high, and a follow-up sell-off after the U.S. Department of Agriculture (USDA) predicted higher-than-expected domestic inventories the day before.
CBOT July corn futures contract fell 40 cents, or 5.6 percent, to $6.74-3/4 a bushel.
in stock Market Review:
Today the domestic corn price shock strong. This morning, 168 corn deep processing enterprises in Shandong arrived, a slight increase from yesterday. The arrival of enterprises is still at a low level. The purchase price of enterprises is increased by 10-20 yuan, Zhucheng Xingmao raised 20 yuan to 2970 yuan/ton, Tianli Pharmaceutical raised 20 yuan to 2920 yuan/ton, and the purchase range of enterprises is 2866-3010 yuan/ton. At present, Hubei new wheat sporadic listing, North China traders wheat harvest before the Tengku will increase, but the recent rainy weather affected the volume, corn prices strong operation. At present, the northeast grass-roots farmers are busy with spring plowing, while grain traders are supported by high costs, and the mood of the price is strong. In addition, Shandong Branch of China Grain Reserves held a bidding sale of corn today, with 3301 tons planned to be sold, 100 of which was sold and the transaction price was 2850. Chengdu Branch plans to put in 1900 tons, all of which have failed. Inner Mongolia Branch plans to put in 1103 tons, starting at 2760-2840;100 percent of the deal.
U.S. Beans Drop 3% Domestic Soybean Meal Continues to Fall
3, soybean meal futures market
CBOT soybean futures fell more than 3% on Thursday as profit-taking after prices rose to multi-year highs and spillover pressure from the corn market crash. Today, even the meal futures market continued to fall, the main contract 2109 low open shock, early straight diving, afternoon low shock, the end of the day closed down.
4Soybean Meal in stock Market
Today, domestic soybean meal in stock prices continued to fall, down 30-80 yuan/ton. After the U.S. Department of Agriculture's supply and demand report, the bullish wind in the U.S. agricultural product market changed rapidly, and the concentrated flight of profit-taking orders caused the market to plummet. The export sales report showed that in the week of May 6, U.S. soybean export sales in 2020/2021 increased by 94300 tons, down 43% from the previous week. In 2021/2022, U.S. soybean export sales increased by 102500 tons, lower than the market estimate. The new season of U.S. beans started well, Brazil soybean yield, export record high, Argentina harvest is nearing the end, production in line with expectations, the short-term market is in a bearish atmosphere, but the U.S. old and new are in a low inventory situation, U.S. beans after the continuous plunge, market panic has been released. Domestic imported soybean supply is sufficient, the oil factory starts to maintain a normal level, the terminal pick-up fell back, the oil factory inventory increased slightly, the oil factory followed the external market continuous downward quotation.
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