On Monday (28), the Chicago board of trade (CBOT) November soybean futures closed down more than 2%;Just two days, the domestic main port of import bean prices also fell back a significant, part of the port of import bean prices fall even more than one hundred yuan per ton.
The personage inside course of study points out that the current domestic demand for soybean is having some, but the beautiful bean harvest pressure and planting area of South America and so on a series of bad news restricts the import price of bean.
According to monitoring data show that two trading days of the week (i.e., October 28, 29), some domestic port imported soyabean prices decline obviously, as of October 29, Qingdao port to 4420 yuan/ton, two days fell 140 yuan/ton;Tianjin port to 4420 yuan/ton, down 110 yuan/ton.In addition, the Shanghai port, nantong port, huangpu port has a drop in 140 yuan/tons.
It is understood that due to import beans port price is falling, many weak market traders mentality, market clinch a deal is not ideal.
Analysts said wang qian, sunflower oil extraction (http://www.sunflowermill.com) market weakening domestic ports, mainly by the outside dish falling down.
Under the influence of technical selling dish and harvest pressure, Chicago board of trade (CBOT) November soybean futures contracts on Monday (October 28) closed at 1271.25 cents per bushel, losses as high as 2.21%, the biggest drop for one month.
According to the U.S. department of agriculture (USDA) in crop growth, according to data from the report every week as of October 27, the week, the U.S. soybean harvest rate was 77%, the week before was 63%, up from 86% a year ago, five-year average of 77%.The week U.S. soybean leaves at a rate of 98%, and the week before was 94%, up from 99% a year ago, five-year average of 99%.
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