The specific changes of soybean oil prices in each port area are shown in the following figure (unit: yuan/ton):
port
Tertiary soybean oil
Primary soybean oil
Last week
this week
High tide and low tide
Last week
this week
High tide and low tide
Dalian
13,400
13,400
-
13,500
13,500
-
Tianjin
12,300
1 1,700
-600
12,800
12,200
-600
sunlight
12, 150
1 1,600
-550
12,450
1 1,850
-600
Zhangjiagang
12,300
1 1,500
-800
12,600
12,200
-400
Ningbo
12,500
12,000
-500
12,800
12,300
-500
huangpu
12,000
1 1,500
-500
12,500
12, 100
-400
Second, factor analysis.
External shock
On Monday (March 3 1), the US Department of Agriculture released the March planting report: It is estimated that the soybean planting area in the United States will reach 74.79 million acres, an increase of1190,000 acres compared with 63.6 million acres in the same period of last year, with an increase of 18%. For soy products, there is no doubt that it is a huge negative. On Monday, CBOT soybean oil futures market continued its decline last Friday, with a strong wait-and-see atmosphere in the domestic spot market and few transactions. In the CBOT soybean oil market on Tuesday and Wednesday, driven by technical buying and fund buying, CBOT soybean oil rose sharply by 2.57 cents to 3.50 cents on Wednesday (April 2), and traders' quotations rose slightly. The huge shock of the outer disk makes domestic oil plants cautious in quoting.
(2) Domestic market
It is reported that due to the huge decline in the external market in the early stage, there are domestic manufacturers washing ships. According to the monitoring data of the Ministry of Commerce, enterprises declared 243,000 tons of soybean oil in March, up 12% year-on-year and down 30.6% month-on-month. At the same time, however, the actual shipments of domestic oil plants in March were not many, and some traders broke their contracts. At present, the purchase is very cautious, so the inventory pressure still exists.
Due to the recent sharp drop in the price of oil meal, the crushing profits of oil plants have suffered losses, so most domestic oil plants will stop production, and some oil plants may stop production until the end of the month, which is expected to support the price of oil meal.
The 30-day suspension of the three-week strike of Argentine soybean growers against raising export tariffs will turn the market's attention to soybean oil again, but it will take some time to resume normal trade. The cautious buying attitude and inventory in the domestic spot market will probably be the main factors restricting the rise of soybean oil. In the short term, the domestic spot market has rebounded sharply and lacks strong themes.
Pay attention to the trend of domestic and foreign markets during holidays.
The soybean oil column of Oriental Agricultural News is quite good, and the daily price trend is released every day. You can refer to it There are also service personnel who can consult online. Mainly free of charge. /breed4.aspx