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国投期货农产品日报-20250618
Guo Tou Qi Huo· 2025-06-18 12:25
Report Core View - The overall situation of agricultural products presents complex trends, with different varieties affected by factors such as weather, policies, and geopolitical situations. There are differences in price trends and investment outlooks among various agricultural products [2][3][4] Summary by Variety Soybean - Domestic soybeans continued to rise today, but the domestic soybean bidding procurement failed. In terms of price difference, domestic soybeans are weaker than imported soybeans. Imported soybeans will be driven by weather in the medium - term, and the long - term US biodiesel policy is bullish, making CBOT soybeans price resistant. In the short term, the weather in Northeast China is conducive to soybean growth [2] Soybean & Soybean Meal - The escalation of the Israel - Iran conflict has led to a rise in crude oil and strong performance of US soybeans. Dalian soybean meal closed flat. The continuous strong rise of domestic soybean oil may suppress the increase of soybean meal. The US soybean good - to - excellent rate is 66%, slightly lower than expected. Future US weather is favorable for soybean growth. There are still many uncertainties in Sino - US trade. Pay attention to the fluctuations in the oil sector and the potential price increase driven by bad weather from June to August [3] Soybean Oil & Palm Oil - As the price of oil rises, the soybean crushing profit on the futures market improves, and the market shows a situation of strong oil and weak meal. The spot basis weakens as the futures oil price rises. Driven by the US biodiesel policy, the long - term upward elasticity of oil is large, and the price of CBOT soybeans is resistant [4] Rapeseed Meal & Rapeseed Oil - The prices of rapeseed products continued to rise slightly. The positions of the main rapeseed oil contract increased, and the spread between September and January of rapeseed meal narrowed. The impact of factors such as foreign biodiesel and geopolitics has not been fully digested. There is a risk of dry weather in North American oilseed growing areas, and the oilseed futures price includes a weather premium. The price difference between domestic rapeseed oil and other oils is relatively high, and terminal consumption is not strong. The price increase of rapeseed oil mainly comes from the uncertainty of future imports. In general, the price of rapeseed products has room to rise in the medium - term but may face price pressure from the demand side in the short - term [6] Corn - Dalian corn futures rose and then fell. The bullish sentiment affected by wheat policy has weakened. The price difference between new wheat and corn is about 30 yuan/ton, and some feed enterprises are substituting. Corn traders expect future price increases. The supply in Shandong is at a low level and slightly increased today. The inventory in north and south ports is decreasing, and the operating rate of deep - processing enterprises is declining. The potential reduction of 1 million sows in China may affect feed consumption, and corn futures may continue to fluctuate [7] Live Pigs - The live pig futures rebounded slightly with narrow market fluctuations, and the spot price remained stable. The government plans to reduce the number of sows by about 1 million to 3.95 million. Policy aims to stabilize pig prices, but the industry still faces large pressure of pig出栏 in the later period [8] Eggs - The near - month egg futures rebounded significantly, and the spot price was stable with a slight increase in some areas. The bottom - fishing sentiment was released as egg prices entered a low - level range, and the upcoming Mid - Autumn Festival demand and 618 promotion supported the price. However, due to the release of production capacity and the normal old - hen culling rate, the price increase is considered a rebound rather than a reversal [9]
宝城期货豆类油脂早报-20250618
Bao Cheng Qi Huo· 2025-06-18 02:17
Report Industry Investment Rating No information provided on the overall industry investment rating. Report's Core View - The report is optimistic about the short - term and medium - term trends of certain agricultural products in the commodity futures market, including soymeal and palm oil, with an expectation of a continued upward trend [5][6][7]. Summary by Relevant Catalog Soymeal (M) - **Views**: The intraday view is oscillating strongly, and the medium - term view is strong. The reference view is oscillating strongly [5]. - **Core Logic**: Although rainfall in US soybean - producing areas has slowed the rebound of US soybean futures prices, the US soybean market remains in a weather - driven cycle with a tendency to rise easily and fall hard. US soybean futures prices are supported by biofuel policies, which in turn support domestic soybeans. The inflow of funds into the meal market has strengthened the overall trend, and soybean futures prices are expected to continue the upward trend [5]. Palm Oil (P) - **Views**: The intraday view is oscillating strongly, and the medium - term view is strong. The reference view is oscillating strongly [6][7]. - **Core Logic**: The overall oil market is strong. The rise in international oil prices has had a spill - over effect on the oil sector. The bio - diesel attribute of palm oil has become prominent, market sentiment has improved, and funds have flowed back into the palm oil market. The increase in palm oil import costs has also boosted futures prices. With the support of funds, the price elasticity of domestic palm oil has emerged, leading the rebound of the oil sector [7].
宝城期货豆类油脂早报-20250613
Bao Cheng Qi Huo· 2025-06-13 01:23
Group 1: Report Industry Investment Rating - Not provided in the content Group 2: Core Viewpoints of the Report - The soybean meal market has an intraday view of being weakly volatile, a medium - term view of being volatile, and a reference view of being weakly volatile. The U.S. Department of Agriculture report has no highlights, and the market focus shifts to the planting area report at the end of June. The trading logic of the soybean market revolves around weather and trade prospects, and the domestic soybean meal futures price has limited short - term decline space due to the support of raw soybean import costs [5]. - The palm oil market has an intraday view of being weakly volatile, a medium - term view of being volatile, and a reference view of being weakly volatile. The overall oil market is in a volatile state, with funds focusing on the soybean market and the pattern of strong soybeans and weak oils continuing. The palm oil market is a game between production increase and strong demand, and the domestic palm oil lacks its own driving force and follows the international oil market [8]. Group 3: Summary by Related Catalogs Soybean Meal (M) - **Time - frame Views**: Short - term: volatile; Medium - term: volatile; Intraday: weakly volatile; Reference view: weakly volatile [5][7]. - **Core Logic**: The U.S. Department of Agriculture report lacks highlights, and the market focuses on the June - end planting area report. The soybean market trading logic is related to weather and trade prospects. The domestic soybean meal futures price is supported by raw soybean import costs, and the short - term decline space is limited. Also, factors include import arrival rhythm, customs clearance inspection, oil refinery operation rhythm, and stocking demand [5][7]. Palm Oil (P) - **Time - frame Views**: Short - term: volatile; Medium - term: volatile; Intraday: weakly volatile; Reference view: weakly volatile [6][7][8]. - **Core Logic**: The overall oil market is volatile, with funds concentrated in the soybean market and the pattern of strong soybeans and weak oils persisting. The palm oil market is a competition between production increase and strong demand. The domestic palm oil lacks its own driving force and follows the international oil market. Other factors are Malaysian palm production and exports, Indonesian exports, main - producing countries' tariff policies, domestic arrivals and inventory, and substitution demand [7][8]. Soybean Oil - **Time - frame Views**: Short - term: volatile; Medium - term: volatile; Intraday: weakly volatile; Reference view: weakly volatile [7]. - **Core Logic**: Factors include U.S. tariff policies, U.S. soybean oil inventory, biodiesel demand, domestic raw material supply rhythm, and oil refinery inventory [7].
区域性分化加剧,天气市波动显现
Bao Cheng Qi Huo· 2025-06-11 13:12
1. Report Industry Investment Rating No relevant content provided. 2. Core Viewpoints of the Report - The regional differentiation in the corn market continues. The price in the Northeast production area remains firm due to cost support, and attention should be paid to the impact of future weather changes on prices. The North China production area is under short - term pressure due to wheat substitution, and it is necessary to observe whether the wheat minimum purchase price policy can alleviate the substitution of new wheat for corn. The risk of delayed summer corn sowing cannot be ignored. As the domestic corn production areas enter the weather - driven market stage, the short - term trend of corn futures prices is more likely to rise than fall [4][60]. - In the medium - to - long - term, the price trend depends on the release rhythm of policy grains, changes in import scale, and the evolution of new crop weather. Weather changes can affect market sentiment in the short term and yield prospects in the long term if they persist. The release rhythm of policy grains affects the market supply of grains. Attention should be paid to the inhibitory effect of the wheat minimum purchase price policy in Henan on feed substitution and the potential impact of the progress of Sino - US trade negotiations on import pressure in the fourth quarter. With deep - processing losses and expanding import profits, the market is facing more intense long - short competition [4][60]. 3. Summary According to the Directory 3.1 Corn Futures and Spot Prices Rise in Tandem - The continuous decline in wheat prices due to the completion of more than half of the new wheat harvest in North China has restricted the rise of corn spot prices. However, the launch of the wheat minimum purchase price policy in Henan has relieved the pressure on the domestic corn market, especially in North China [8]. - As of the week ending June 8, 2025, both the domestic corn futures main contract 2509 and the CBOT corn futures prices rebounded. Due to the fact that the remaining corn in domestic production areas is mainly held by traders with a mindset of hoarding and price - supporting, the domestic corn market price has shown small fluctuations recently. In early June 2025, the purchase price of corn in Heilongjiang and Jilin's deep - processing enterprises was in the range of 2120 - 2230 yuan/ton, with a partial rebound of 15 - 30 yuan/ton week - on - week; in Shandong, it was in the range of 2380 - 2500 yuan/ton, with a main fluctuation of 10 - 30 yuan/ton week - on - week [8]. 3.2 Wheat Minimum Purchase Price Policy Boosts Market Sentiment, and Drought Emerges in Some Production Areas 3.2.1 Henan Launches Wheat Minimum Purchase Price Policy, and the Quantity of Imported Grains Has Changed - As of June 8, wheat harvest in Hubei and Anhui has ended, and it is nearing completion in Henan. The harvest progress in Hebei, Shanxi, Shandong, and Shaanxi is slower than the same period in previous years. The summer sowing of corn in North China is expected to be slightly delayed this year. The launch of the wheat minimum purchase price policy in Henan on June 7 has supported wheat prices and restricted the substitution of new domestic wheat for feed corn [11]. - In terms of imported grains, the price of CBOT corn futures has rebounded, and the theoretical import profit of Brazilian corn for the third - quarter shipment has reached 450 yuan/ton. The first shipment of Brazilian corn to China in the second half of the year is waiting to be loaded, with an expected loading in mid - to - late June and an arrival in China around August. The import of Russian corn is expected to remain at a peak of 30,000 tons per month. The scale of Ukrainian corn imports has declined, with only 50,000 tons imported in the first four months of this year compared to nearly 200,000 tons in the same period last year. The scale of US corn imports has dropped below 10,000 tons since October 2024. Argentina and Australia are becoming the main sources of China's imported grains. In recent months, sorghum from Argentina and Australia has had the greatest impact on corn consumption, but the absolute quantity of imported grains arriving in China from June to August is expected to be significantly different from before [12]. 3.2.2 North Port Inventory Declines, and Price Inversion Continues - As of the week ending May 30, the theoretical cost of bulk - shipped corn arriving at southern ports is 2400 - 2420 yuan/ton, while the southern port price is 2410 - 2430 yuan/ton, resulting in an immediate theoretical loss of 30 yuan/ton. The arrival volume of new - season bulk - shipped corn at northern ports and at Shandong's deep - processing enterprises is low [21]. - As of May 30, the corn inventory at Guangdong Port has decreased to 1.15 million tons, with imported corn inventory at 3,000 tons and imported substitute grains (mainly sorghum and barley) inventory at around 700,000 tons. The corn inventory at northern ports (eight ports) has slightly decreased to around 4.5 million tons [21]. 3.2.3 Corn Growth in Production Areas Is Slower Than the Same Period Last Year, and Drought Emerges in Some Areas - In June, high - temperature and drought conditions in parts of North China may continue to affect summer corn sowing, but due to good irrigation facilities, it may not have a significant impact on local yields. As of June 7, most spring - sown corn in the north is in the three - leaf to seven - leaf stage. Corn growth in Heilongjiang is relatively fast, with nearly 80% of the corn in the seven - leaf stage. Compared with the same period last year, the proportion of corn in the seven - leaf stage in Heilongjiang and Jilin is higher, while in Liaoning and Inner Mongolia, it is lower. Due to low - temperature and less - rainfall conditions during the sowing period this year, the overall corn growth in the Northeast is slower than last year [27]. - In early June, the light, heat, and water conditions in most parts of the Northeast are favorable for crop emergence, but there is a lack of soil moisture in parts of Inner Mongolia and Liaoning, and heavy rainfall in some areas of Heilongjiang and Jilin may affect corn growth. In the next ten days (June 9 - 18), the weather in most agricultural areas in the Northeast is favorable, but heavy rainfall and strong convective weather may cause flooding or lodging of seedlings [27]. 3.2.4 Pig Feed Corn Consumption Is Difficult to Increase Significantly, and Deep - Processing By - products Are Affected by Trade Policies - In the 23rd week of 2025, the average slaughter price of live pigs in China was 14.27 yuan/kg, a week - on - week decrease of 0.83%. The breeding profit is in the range of - 150 to 100 yuan per head, with an average loss of 45 yuan per head. The pig - to - grain ratio is 5.98:1, within the green regulation range. Most breeding models are in a loss state, and relevant measures to control sow expansion, pig slaughter weight, and secondary fattening are not conducive to the growth of pig feed corn consumption. The impact of new wheat on corn consumption is the main obstacle, but the implementation of the wheat minimum purchase price policy in Henan may limit the expansion of wheat feed substitution [34]. - As of the week ending June 6, 2025, the corn purchase prices at deep - processing enterprises in Heilongjiang, Jilin, and Shandong have shown different trends. The deep - processing operating rate is at a low level. The corn starch market price is generally firm with slight local declines, and the corn alcohol price is fluctuating. The theoretical losses of corn alcohol and starch production in some enterprises have increased or decreased. The average operating rate of the corn starch and alcohol industries is about 51.5%, with the alcohol industry rebounding and the starch industry declining [35]. - The low operating rate of corn alcohol enterprises has led to a tight supply of DDGS, but due to the unfavorable protein price ratio with soybean meal, the DDGS price has shown small fluctuations. The average domestic DDGS price on June 10, 2025, is 2309 yuan/ton, a week - on - week decrease of 4 yuan/ton. The supply shortage of domestic DDGS may support prices, but the opening of the Brazilian DDGS import market may have a negative impact on the long - term market [36][37]. 3.2.5 Sino - US Trade Relations Show Improvement, but Importing US Corn Still Has No Advantage - On June 5, US President Trump announced after a call with China's top leader that Sino - US trade officials would hold a new round of face - to - face talks. On June 9, Sino - US economic and trade teams held the first meeting of the Sino - US economic and trade consultation mechanism in London. The optimistic sentiment in Sino - US trade has pushed up US agricultural product futures prices [56]. - After the mutual reduction of tariffs between China and the US, China still imposes a 25% comprehensive tariff on US corn. The landed duty - paid price of US corn is 2340 - 2420 yuan/ton, which is lower than the domestic price in Guangdong Port but significantly higher than the price of Brazilian and Argentine corn, so it has no price advantage compared with South American corn [58].
豆粕周报:静待USDA报告发布,连粕或弱势震荡-20250512
Report Title - Weekly Report on Soybean Meal [1] Report Date - May 12, 2025 [3] Investment Rating - Not provided Core Views - Last week, the CBOT July soybean contract rose 8.25 to close at 1052.25 cents per bushel, a 0.79% increase; the September soybean meal contract fell 21 to close at 2899 yuan per ton, a 0.72% decrease; the South China soybean meal spot price fell 480 to 3140 yuan per ton, a 13.26% decrease; the September rapeseed meal contract rose 15 to close at 2551 yuan per ton, a 0.59% increase; the Guangxi rapeseed meal spot price fell 10 to 2430 yuan per ton, a 0.41% decrease [4][7]. - The fast sowing progress of US soybeans is conducive to the expectation of increased production, and there is no driving force in the weather market, so US soybeans continue to fluctuate. After the holiday, the soybean customs clearance process improved, the oil mill operating rate increased significantly, the soybean meal inventory stopped falling and rebounded, and the supply is expected to increase; the spot price dropped significantly, the feed enterprise inventory is at a low level in the same period, the提货 rhythm accelerated, and the post - holiday restocking transactions increased significantly. Although the China - US economic and trade negotiations have made substantial progress, factors such as the weather theme to be fermented and the expected tightening of the new - season balance sheet form support below, showing a weak and narrow - range fluctuation [4][7]. - In the next two weeks, the weather in the US soybean production areas will be good, which helps to maintain a fast sowing progress. At the same time, pay attention to the release of the May USDA report, and US soybeans may continue to fluctuate. In April, due to the impact of customs clearance policies, the soybean arrival volume was lower than expected, and the delayed part may be cleared in May. The domestic oil mill operating rate is expected to further increase, the soybean meal inventory will stop falling and rebound, and the supply will become more abundant; the China - US economic and trade negotiations have initially reached a consensus, pay attention to the subsequent process, but US soybeans generally show resistance to decline in the weather market, and the Dalian soybean meal may fluctuate weakly [4][11]. Summary by Directory 1. Market Data - The CBOT soybean price rose 8.25 to 1052.25 cents per bushel, a 0.79% increase; the CNF import price of Brazilian soybeans fell 7 to 433 dollars per ton, a 1.59% decrease; the CNF import price of US Gulf soybeans fell 2 to 453 dollars per ton, a 0.44% decrease; the Brazilian soybean crushing profit on the disk increased 20 to 75.66 yuan per ton; the DCE soybean meal contract fell 21 to 2899 yuan per ton, a 0.72% decrease; the CZCE rapeseed meal contract rose 15 to 2551 yuan per ton, a 0.59% increase; the soybean - rapeseed meal price difference decreased 36 to 348 yuan per ton; the East China spot price fell 200 to 3200 yuan per ton, a 5.88% decrease; the South China spot price fell 480 to 3140 yuan per ton, a 13.26% decrease; the South China spot - futures price difference decreased 459 to 241 yuan per ton [5]. 2. Market Analysis and Outlook - As of the week of May 4, 2025, the US soybean planting progress was 30%, the market expected 31%, the previous week was 18%, and the same period last year was 23%; the soybean emergence rate was 7%, the same period last year was 8%, and the five - year average was 5%. As of the week of May 6, about 15% of the US soybean planting areas were affected by drought, the same as the previous week and higher than 11% in the same period last year. The weather forecast shows that in the next 15 days, the cumulative precipitation in the US soybean production areas will be 40 - 50mm, slightly lower than the average level, which is conducive to sowing, and the temperature is generally higher than normal, and the fast sowing progress is conducive to the expectation of increased production [8]. - As of the week of May 1, 2025, the net export sales of US soybeans in the current market year increased by 37.7 tons, the previous week was 42.8 tons, the cumulative sales volume of US soybeans in the 2024/2025 season was 4772 tons, the sales progress was 96.1%, and the same period last year was 4234 tons; in that week, the net sales of US soybeans to China in the 2024/2025 season were almost zero, and the cumulative purchase volume of China in the current year was 2248 tons [8]. - As of the week of May 2, 2025, the US soybean crushing profit was 1.75 dollars per bushel, the previous week was 1.92 dollars per bushel, lower than 3.29 dollars per bushel in the same period in 2023; the truck quotation of crude soybean oil in Illinois was 49.03 cents per pound, the previous week was 49.32 cents per pound; the price of 48% protein soybean meal in Illinois soybean processing plants was 287.08 dollars per short ton, the previous week was 289 dollars per short ton; the average price of No. 1 yellow soybeans was 10.71 dollars per bushel, the previous week was 10.62 dollars per bushel [9]. - According to Conab data, the harvesting progress of Brazilian soybeans in the 2024/2025 season was 97.7%, the previous week was 94.8%, the same period last year was 94.3%, and the five - year average was 96.3%, and the harvesting work was basically completed. The Brazilian National Grain Exporters Association (Anec) expects that the Brazilian soybean exports in May will reach 12.6 million tons, and the same period last year was 13.47 million tons [9]. - As of the week of May 7, 2025, the soybean harvesting progress in Argentina was 44.9%, lower than 47% in the same period last year, but the progress has accelerated significantly due to less precipitation. According to the crop weekly report of the Buenos Aires Grain Exchange, Argentine producers have harvested half of the early - sown soybeans, and the yields in the core agricultural areas and Cordoba Province are higher than expected [10]. - As of the week of May 2, 2025, the soybean inventory of major oil mills was 4.7464 million tons, an increase of 151,600 tons from the previous week and 556,300 tons from the same period last year; the soybean meal inventory was 82,100 tons, an increase of 7300 tons from the previous week and a decrease of 443,000 tons from the same period last year; the unexecuted contracts were 4.3008 million tons, an increase of 1.7473 million tons from the previous week and a decrease of 475,100 tons from the same period last year; the national port soybean inventory was 5.532 million tons, an increase of 329,200 tons from the previous week and 83,500 tons from the same period last year [10]. - As of the week of May 9, 2025, the national daily average soybean meal transaction volume was 264,600 tons, of which the spot transaction was 49,650 tons and the forward transaction was 214,950 tons, and the daily average total transaction volume in the week before the holiday was 25,300 tons; the daily average soybean meal提货 volume was 151,000 tons, and the previous week was 137,500 tons; the crushing volume of major oil mills was 1.846 million tons, and the previous week was 1.523 million tons; the soybean meal inventory days of feed enterprises were 4.45 days, and the previous week was 5.04 days [11]. 3. Industry News - Brazilian farmers plan to expand the soybean planting area in the main planting areas by about 500,000 hectares in the 2025/2026 season starting in September. In the current season, Brazilian farmers planted a record 47.8 million hectares of soybeans and harvested 172.1 million tons [12]. - From April 28 to May 2, the soybean crushing profit in Mato Grosso state was 623.09 reais per ton, and the previous week was 643.31 reais per ton. In that week, the soybean meal price in the state was 1691.22 reais per ton, and the soybean oil price was 5806.38 reais per ton [13]. - Analysts predict that the US soybean production in the 2025/2026 season will be 4.338 billion bushels, the estimated range is between 4.3 - 4.4 billion bushels, and the USDA Agricultural Outlook Forum forecast is 4.37 billion bushels; the US soybean yield per acre in the 2025/2026 season will be 52.5 bushels, the estimated range is between 51.9 - 53.5 bushels per acre, and the USDA Agricultural Outlook Forum forecast is 52.5 bushels per acre; the US soybean ending inventory in the 2025/2026 season is 362 million bushels, the estimated range is between 267 - 675 million bushels; the global soybean ending inventory in the 2025/2026 season is 126.02 million tons, the estimated range is between 120.74 - 137 million tons [13]. - The soybean exports of Mato Grosso state in the 2025/2026 season will decrease by 4% compared with the previous season. It is expected to export 29.8 million tons of soybeans in the 2025/2026 season, an increase of 180,000 tons from the previous monthly forecast, reflecting the increase in Chinese demand. It is expected that the demand for soybeans in Mato Grosso state in the 2025/2026 season will reach nearly 13.1 million tons, a 1.1% increase from the 2024/2025 season. The demand for soybeans from other regions of Brazil in Mato Grosso state in the 2025/2026 season is expected to decrease by 22% to 4.5 million tons compared with the 2024/2025 season [14]. - The Canadian rapeseed production in the 2025/2026 season is expected to be 18.2 million tons, the estimated range is 16.5 - 20.1 million tons, a 2.1% increase from the previous year. The total planting area is expected to be 8.59 million hectares, a 3.5% decrease from the previous year. The soil moisture in the main production areas in south - western Saskatchewan and southern Manitoba has been at the lowest level in six years since February, while the soil moisture in Alberta is still relatively healthy. The summer weather outlook shows that from June to August, the temperature will be higher than normal and the rainfall in the southern prairie will be lower than normal, which may put downward pressure on yields [14]. - The Buenos Aires Grain Exchange in Argentina raised the forecast of the 2024/2025 soybean harvest from 48.6 million tons to 50 million tons, saying that the yield is better than expected. Argentine producers have harvested half of the early - sown soybeans, and the yields in the core agricultural areas and Cordoba Province are higher than expected [15]. - The commercial sales of Brazilian soybeans in the 2024/2025 season have reached 57% of the expected output, which is delayed compared with the same period last year and the historical average. Compared with last month, the soybean sales in Brazil increased by 6.3 percentage points. In the same period last year, the soybean sales completed 64.6% of the expected output, and the five - year average was even higher at 70.3%. Considering that the company has estimated the soybean output to reach a record 172.45 million tons, the soybean sales in the country have reached 97.88 million tons. In the 2025/2026 season, the Brazilian soybean sales volume has reached 7.9% of the expected output of 182.57 million tons, about 14.35 million tons. Although the sales have improved, they are still lower than 9.9% in the same period last year and far lower than the historical average of 17.2% [15]. 4. Related Charts - The report provides multiple charts, including the trend of US soybean continuous contracts, the CNF arrival price of Brazilian soybeans, the RMB spot exchange rate trend, the regional crushing profit, the soybean meal main contract trend, the spot - futures price difference of soybean meal, the M 9 - 1 month - to - month difference of soybean meal, the management fund CBOT net position, the regional soybean meal spot price, the precipitation and temperature in US soybean production areas, the Argentine soybean harvesting progress, the US soybean weekly net sales volume, the US soybean cumulative export sales volume to the world and China, the US soybean weekly export volume and weekly net sales volume to China, the US oil mill crushing profit, the soybean meal weekly average daily transaction volume and提货 volume, the port and oil mill soybean inventory, the oil mill weekly crushing volume and operating rate, the oil mill soybean meal inventory, and the feed enterprise soybean meal inventory days [16][17][18][21][23][25][29][31][32][36][38][39][40][43][45][46][47][48].
【期货热点追踪】十年最低库存预警!全球小麦价格离“天气市”暴涨只差一场干旱?
news flash· 2025-05-09 10:53
期货热点追踪 十年最低库存预警!全球小麦价格离"天气市"暴涨只差一场干旱? 相关链接 ...