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Soybean meal prices strengthen again

Post at: 2020-02-17 15:33 Hits:
Soybean: today, the price of domestic soybean market is fluctuating upward. The price of soybean in Northeast China is stable and fluctuated, the phenomenon of price without market is obvious, the inconvenience of transportation has a certain impact on the market supply, and the traders still need to wait for the recovery. Soybean prices in Huang Huai River and Yangtze River Valley are also relatively stable and strong. Some traders believe that the stock in southern market bottomed out and quoted a higher price, but there is also a price but no market.
Soybean oil: today's domestic soybean oil spot market may stabilize, narrow adjustment. Last Friday, horse palm futures oversold and technical closed positive, while soybean oil futures in the U.S. market was sideways. Today, due to the president's day off, the guidance of the external market was not strong, and the international concern about China's demand under the influence of the epidemic situation did not disappear. Today, soybean oil futures may even stop falling. At present, the domestic soybean oil inventory has rebounded to more than 900000 tons, and the terminal oil consumption is not ideal due to road closures. The domestic market is still a cautious wait-and-see thinking. Today, the spot price of manufacturers may be stabilized, and the transaction will follow the price negotiation. Focus on the month on month data of horse palm export and domestic political changes.
Soybean meal: today's domestic soybean meal spot price is likely to stabilize and strengthen again. At present, the soybean meal inventory of domestic oil plants continues to decline, and some oil plants have no inventory and can only sell while producing. At present, domestic downstream demand has not been fully released due to the impact of African classical swine fever virus pneumonia and avian influenza. And the domestic transportation pressure is greater. Recently, the spot transaction of soybean meal in China has been gradually enlarged. Today, domestic soybean meal spot price may stabilize and strengthen.
Palm oil: today's domestic palm oil spot market may stop falling, narrow adjustment. Last Friday, horse palm futures rebounded and closed positive after a series of dips. US soybean oil and other external oil futures were sorted out. Due to the president's Day closure and limited guidance, US market today even palm oil futures may follow the trend of horse palm to stop falling and shake sideways. At the present stage, domestic oil consumption is restrained by the epidemic situation, palm oil inventory is picking up, and the fundamentals are still unclear. Manufacturers make spot offers or bargain with the market.
Corn: corn prices were stable and weak this morning. High speed free corn transport vehicles can not be intercepted, more and more practitioners began to understand the pass application mode, the market supply also improved with the improvement of the weather, the number of grain enterprises to households increased, and the quotation began to decline. The problem of grain quality is still acute, and the supply side is under great pressure.
Rice: today, the spot price of rice in China is relatively strong. The grain depots in Jilin and Heilongjiang provinces in Northeast China have resumed to purchase rice. With the improvement of the epidemic situation, the area of grain depots will be expanded. It is suggested that farmers should pay close attention to spring ploughing, that is, if the grain is not sold in time, the working capital is relatively small. The price of late Japonica Rice in Jiangsu Province is strong, and the demand will be further enlarged with the increase of returning to work. In terms of domestic rice, at present, the country has begun to pay high-speed fees, and some factories have also been approved to apply for resumption of work, which will ease the tense situation of market supply.
Wheat: today's domestic wheat prices are stable as a whole, with some rising slightly. At present, Hebei and Shandong provinces are still leading the country, especially large-scale enterprises led by wudeli and jinshahe have increased their quotations. It is understood that wudeli and jinshahe in Xingtai, Hebei Province have increased their quotations by 0.01 yuan / Jin respectively over the weekend, and now they are implementing the purchase of 1.23 yuan / Jin, basically reaching or approaching the auction price of temporary storage wheat. And the recent rotation policy of wheat market, wheat prices are expected to continue to run smoothly.
Flour: today's domestic flour prices were stable and slightly up. Affected by the increase of raw grain purchasing cost, the flour quotation of manufacturers generally increased by 0.02-0.04 yuan / Jin after the year. Affected by the epidemic, the transportation is not smooth. It is not only difficult for factories to purchase raw grains, but also a problem for flour transportation. With the gradual control of the epidemic and the gradual introduction of relevant policies, the strong guarantee of grain source dispatching will effectively alleviate the impact of the epidemic on the industry.
By products: today's domestic by-product prices are stable and strong. At present, due to the shortage of raw grain, flour enterprises maintain a low operating rate, and the operating rate is low. Therefore, wheat bran sales pressure of flour enterprises is small, and most of them are out of stock at present, and the price is stable, medium and strong. However, with the gradual recovery of operation and the increase of supply, it is expected that the high price areas will have a slight decline. In terms of standard powder and secondary powder, the price rose slightly due to the shortage of supply.
Vegetable oil: domestic vegetable oil prices will stabilize today. Affected by the news in the early stage, the domestic vegetable oil price fluctuated greatly. At present, the vegetable oil is returning to the supply and demand logic, and the price is stabilizing. Before the festival, the domestic downstream stock is sufficient, but after the festival, affected by the epidemic, the consumption capacity is declining, and the downstream demand is weak. From the supplier's point of view, the oil factory started gradually, and the domestic vegetable oil supply was normal. At present, spot trading is weak. Today, the spot price of domestic vegetable oil is stable.
Rapeseed meal: today's domestic rapeseed meal prices will rise slightly. At present, with the recovery of aquaculture in southern China, the demand for aquatic feed increases, and rapeseed meal ushers in a new round of delivery. But the impact of new viral pneumonia leads to lower downstream demand than in previous years. In addition, the port grain meal inventory is huge, which also affects the space of rapeseed meal price rise. The spot price of domestic rapeseed meal will rise slightly.
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