Institutions are expected to be strong in the short term. What are the reasons?

Gold ten futures on April 17, according to Shenyin Wanguo Futures analysis, in this month's report, the US Department of Agriculture's estimate of Brazilian soybean production remains at 155 million tons. The US Department of Agriculture did not cut Brazil's production, and the global soybean supply is sufficient. Argentina's soybeans began to be harvested, and South American soybeans were listed one after another. The supply pressure increased in the later stage, but recently Brazil's CNF quotation rebounded. At present, the market is concerned about the planting situation of US beans in the new season. In the case that the planting area of US beans is less than expected in the previous period, the market is particularly concerned about the weather changes in the growth period of US beans. As of April 14, the sowing progress of US beans in the 24/25 year is 3%. Continue to pay attention to the changes in the production area of US beans in the new season. It is expected that the short-term continuous meal will be mainly strong, with the main range of soybean meal being 3000-4000 and the main range of rapeseed meal being 2200-3000.