bestonlinebaccarat| U.S. soybeans are operating in shock: Domestic soybean meal fundamentals are stable, and soybean arrivals in Hong Kong reached 10.5 million tons in June
News summary
US soybean prices fell slightlybestonlinebaccarat, continued precipitation in southern Brazil has not caused market fluctuations; domestic soybean meal fundamentals are stable, prices are resistant, and future soybean arrivals in Hong Kong are expected to increase, but the soybean meal market in the new season still needs to pay attention to weather and policy changes.
Newsletter text
[The U.S. soybean market remains volatile, investors need to pay attention to key influencing factors]
Spot market dynamics showed slight fluctuations. The CNF price of U.S. beans fell slightly to US$528/ton, the price of Brazilian beans fell slightly to US$499/ton, and the CNF price of Argentine beans was also slightly lowered to 501.bestonlinebaccarat.92 yuan/ton. Zhangjiagang soybean meal prices rose to 3450 yuan/ton, while Dalian soybean meal closed flat at 3540 yuan/ton.
The market focus is still on the performance of U.S. soybeans. Although prices are volatile, the market is waiting for new events to drive them. Brazil's Conab made a smaller adjustment to losses in the south, putting pressure on U.S. soybean prices, falling to around 1200 cents. The market's response to continued precipitation in southern Brazil has faded, and attention has turned to fundamentals.
The soil of the United States is in good condition, but there is too much precipitation in the central and western regions, which affects the progress of soybean planting in Iowa and other places. Despite this, sufficient precipitation in the early stage provides a critical period of soybean growth.bestonlinebaccaratfavorable conditions. At present, there has been no significant weather hype in the U.S. soybean market, and investors need to be alert to possible retracement risks in the future.
The fundamentals of China's domestic soybean meal market remained stable, and the price decline was relatively small, showing certain resilience. Supported by Brazilian export incentives, soybean import costs remained stable. Although the suspension of Brazilian port capacity may affect China's soybean arrivals in the third quarter, at present, the relevant impact has not yet been significantly apparent. Soybean arrivals in Hong Kong are expected to reach 10.5 million tons in June, indicating that soybean supply will gradually become loose.
At present, the new season weather hype in the U.S. soybean market has not yet fully launched, and the domestic soybean meal market's expectation for new events has also brought prices back to a fundamental operating state. Investment Research Information reminds investors to pay attention to risk factors such as U.S. soybean weather conditions, Brazilian port capacity and domestic customs clearance policies in order to make informed investment decisions.