February 20 to 24 this week, the OIL EXTRACTION MACHINE domestic vegetable oil spot prices continue to fall, see the lowest point since November last year. The main OIL EXTRACTION MACHINE reason is the domestic vegetable oil market in the off-season demand, while the oil plant operating rate rose rapidly, the domestic vegetable oil stocks also increased, fundamentals pressure only increased, coupled with the outer disk is also concentrated fermentation, suppress the market down.
South American OIL EXTRACTION MACHINE production pressure, soybean oil continues to fall
This week, in the South American OIL EXTRACTION MACHINE soybean yield and the US soybean acreage is expected to continue to increase under the pressure, CBOT disk prices as expected last week, continue to fall, the technical point of view, next week CBOT soybean prices are still falling space, but will see the bottom of the stage The
OIL EXTRACTION MACHINE Dragged down by the outer disk and domestic fundamentals pressure, even soybean oil futures prices see a 3-month low, and as expected last week, the main contract fell below 6600 yuan / ton mark.
Analysis of the OIL EXTRACTION MACHINE potential potential, bullish factors are: First, the market is still strong expectations of inflation, OIL EXTRACTION MACHINE capital bargain hunting, including vegetable oil, including high commodity enthusiasm; Second, compared with last year's high point in December, the domestic soybean oil has fallen 11 %, Down space has been limited; third is due to nearly two weeks of domestic soybean oil and soybean meal prices continued to fall, the domestic soybean crush profits shrinking rapidly, the plant is willing to be very strong.
OIL EXTRACTION MACHINE Favorable factors are: First, 1 to May this year, soybean OIL EXTRACTION MACHINE imports increased by about 15% year on year, the oil plant operating rate is expected to remain at a record high level in the first half of the domestic vegetable oil prices difficult to break up; Second, as of February 17, Brazil soybean harvest work has been completed 24.8%, higher than the average annual progress of 17.1%, and the yield increased over the previous year, the late South American soybean OIL EXTRACTION MACHINE high yield pressure will increase the US soybean exports, and bad US disk; third US agriculture Data show that US soybean acreage in 2017 will reach 88 million acres, higher than last year's 83.4 million acres, reported bad, and ultimately reflected in the CBOT soybean price.
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South American OIL EXTRACTION MACHINE production pressure, soybean oil continues to fall
This week, in the South American OIL EXTRACTION MACHINE soybean yield and the US soybean acreage is expected to continue to increase under the pressure, CBOT disk prices as expected last week, continue to fall, the technical point of view, next week CBOT soybean prices are still falling space, but will see the bottom of the stage The
OIL EXTRACTION MACHINE Dragged down by the outer disk and domestic fundamentals pressure, even soybean oil futures prices see a 3-month low, and as expected last week, the main contract fell below 6600 yuan / ton mark.
Analysis of the OIL EXTRACTION MACHINE potential potential, bullish factors are: First, the market is still strong expectations of inflation, OIL EXTRACTION MACHINE capital bargain hunting, including vegetable oil, including high commodity enthusiasm; Second, compared with last year's high point in December, the domestic soybean oil has fallen 11 %, Down space has been limited; third is due to nearly two weeks of domestic soybean oil and soybean meal prices continued to fall, the domestic soybean crush profits shrinking rapidly, the plant is willing to be very strong.
OIL EXTRACTION MACHINE Favorable factors are: First, 1 to May this year, soybean OIL EXTRACTION MACHINE imports increased by about 15% year on year, the oil plant operating rate is expected to remain at a record high level in the first half of the domestic vegetable oil prices difficult to break up; Second, as of February 17, Brazil soybean harvest work has been completed 24.8%, higher than the average annual progress of 17.1%, and the yield increased over the previous year, the late South American soybean OIL EXTRACTION MACHINE high yield pressure will increase the US soybean exports, and bad US disk; third US agriculture Data show that US soybean acreage in 2017 will reach 88 million acres, higher than last year's 83.4 million acres, reported bad, and ultimately reflected in the CBOT soybean price.
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