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March soybean OIL EXTRACTION PLANT prices fear- first rising then suppression

ugoodmach

Active Member
March soybean OIL EXTRACTION PLANT prices fear- first rising then suppression:

February domestic soybean OIL EXTRACTION PLANT market prices as a whole fell mainly in the fall of 300 yuan / ton, mainly due to: the recent market speculation in South America, high yield, coupled with the Brazilian weather better harvest speed significantly accelerated, making the US soybean futures fell , The US soybean OIL EXTRACTION PLANT contract once broke the 1024 cents line of support points, drag the global soybean product futures, making the domestic soybean oil market prices lower with the plate.

US beans OIL EXTRACTION PLANT suffered multiple negative, the price is still down space

US Department of Agriculture OIL EXTRACTION PLANT at the annual outlook forum is expected in 2017 US soybean acreage area of ​​8,800 million acre record high, higher than analysts expected the average of 87.6 million acres, higher than 2016, 83.4 million acres. This shows that if the United States OIL EXTRACTION PLANT in 2017 there is no more serious weather disasters, the US soybean this year there are still high yield possible.
Coupled with the South American soybean OIL EXTRACTION PLANT region weather situation as a whole is good, the market is expected to Brazil soybean production will reach 107.8 million tons, higher than the previous estimate of 104 million tons. And the new soybean harvest work is progressing smoothly, according to analysts said the Brazilian soybean OIL EXTRACTION PLANT harvest work has been completed about 25%, 7% higher than the same period last year, 2 - 3 months Brazilian soybean exports will reach 9 million tons, Export share. US beans in the negative bearish OIL EXTRACTION PLANT pressure, the pen in the long term US soybean futures are still down space, or will break the 1000 cents line.

Domestic OIL EXTRACTION PLANT demand is light, soybean oil stocks rise

According to OIL EXTRACTION PLANT statistics, as of February 22, the actual number of domestic soybean arrived at about 5.86 million tons, compared to last year after the Spring Festival actually arrived in Hong Kong soybean OIL EXTRACTION PLANT more than about 1.3 million tons, the increase in the number of imported soybeans, making the domestic oil plant operating rate Steady increase, coupled with the Spring Festival before the oil refinery oil introduced a larger preferential policies, making most traders stocking more packaging oil, but this year during the Spring Festival packaging oil OIL EXTRACTION PLANT sales slower than in previous years, making most of the recent traders are the main Sales of oil during the Spring Festival squeeze the packaging, cold oil sales, the recent domestic oil production slumping slow turnover, OIL EXTRACTION PLANT traders have not yet begun to sell oil, making the domestic soybean oil stocks steadily improved (as shown), as of 2 On the 23rd domestic soybean oil commercial stock of about 108.5 million tons. Or will drag the domestic soybean oil market prices down.
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