Institutional view: I still hold a medium and long-term bullish view on Lianmeal, and pay attention to whether it can stand firm at 3,400 yuan/ton in the near future
2024-05-06 01:05:46
Golden Ten Futures on May 6, the morning soybean meal futures rose sharply, an increase of nearly 3%, Zhengxin Futures: Entering May, the short-term domestic and foreign will form a bullish resonance, supporting even meal to break through 3,400 yuan/ton; However, as the pressure of imported soybeans to Hong Kong is gradually released, if the downstream is difficult to undertake, the soybean meal spot will face pressure; in addition, the cost side of US beans is facing bullish hype from South America in the short term, while the market also has high expectations for medium and long-term US bean weather hype. The relatively low price of US beans jointly slows down the increase in net short positions of speculative funds. In the future, there is a high probability of US beans strengthening, thus forming support for even meal. Strategically, we still hold a medium and long-term bullish view on even meal, and pay attention to whether it can stand firm at 3,400 yuan/ton in the
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