Recently, global agricultural product prices have generally fallen. Last week, the main contract prices of corn, wheat and soybean futures on the Chicago Mercantile Exchange fell by 1.2%, 4.7% and 3.2% respectively. In September, domestic corn fell by 1.9%, while soybean meal fell by 6.0%. Chicago corn fell by 5.4%, American soybeans by 9.0%, and American soybean flour by 8.5%.
The net non-commercial long positions in wheat futures were 54 145 lots, a decrease of 5 134 lots from the previous month, and the net non-commercial long positions in soybean futures were 2 13487 lots, a decrease of 4 199 lots from the previous month, all of which were in a high adjustment period. ?
Extended data:
Expert analysis
For the market outlook of agricultural products, experts said that overall, agricultural products will maintain an adjustment trend in the fourth quarter, but it is not appropriate to be too bearish. ?
In terms of cereals, the price correction of corn and early rice may last until the end of 10, and the price may rebound obviously in February. Wheat fell rapidly in the early stage, and may rebound first and then fluctuate in the later stage. For the sugar in soft goods, the idea of how short and how long it is remains the same.
It is expected that it will rebound at a low level before Guangxi is fully crushed, but unless a new round of sugar purchasing and storage policy is introduced in June 5438+065438+ 10 and June 5438+February, the price will remain under pressure. ?
With the short-term downward trend of agricultural product prices, the market expects the domestic inflation level to fall back. Zhao Yan, an analyst at Everbright Futures, said that the Bureau of Statistics will soon announce the consumer price (CPI) index for September. After the CPI index rebounded slightly in August driven by the sharp rise in food prices, it is expected that the prices of agricultural products in China will fall back in September.
China's Economic Net-Agricultural product prices fall at a high level, and inflation is expected to ease.