Group 1 - The domestic futures market for soybean experienced a decline, with the main contract opening at 4134.00 CNY/ton and reaching a high of 4213.00 CNY/ton, reflecting a 1.94% increase [1] - Brazil's National Supply Company (CONAB) forecasts a record soybean production of 177.6 million tons for the 2025/26 season, slightly down from the previous estimate of 177.67 million tons, with planting area adjusted to 4.906 million hectares [1] - Analysts predict that the U.S. soybean crush volume for October may reach a historical high, according to a report from NOPA [1] Group 2 - Nanhua Futures indicates that the soybean spot prices are in a stalemate, remaining stable at high levels, with limited fluctuations in the Northeast production area and a cautious purchasing behavior from buyers [2] - The market is experiencing a lack of upward price momentum due to sufficient prior inventory and a closed price for state reserves limiting downward price movement [2] - The futures market shows a strong upward trend after a period of high-level consolidation, with bullish momentum continuing [2]
豆一期价高位震荡后呈上行姿态 多头趋势延续
Jin Tou Wang·2025-11-14 06:03