The USDA monthly report still focuses on the loss of Brazilian production. When will the inflection point of weather hype appear?

Gold Ten Futures, May 10th, < br > 1. From abroad, although Brazil's sales progress in the new year is still slow, its adverse impact is likely to be offset by the reduction of production in Rio Grande do Sul. The impact of storage pressure and logistics costs may tend to be flat in the short term. The strike problem in Argentina caused the main export port of Rosario and the crushing plant to stop operating. The United States is too wet, and the planting progress is lagging behind the year-on-year. < br > 2. On the domestic front, the marginal supply and demand of soybean meal is loose, but the contradiction is not strong. The tension in the raw material end has eased, and the follow-up is still faced with the concentration of soybeans in the port, and the oil plants maintain a high supply level. In terms of demand, under the active fattening and reproduction of piglets in the early stage, which were not as good as expected, or even rebounded, the demand for breeding side still performed strongly. < br > 3. From the perspective of the disk, the main high level of soybean meal fell. The USDA supply and demand report will be released in the early morning. The report will start to focus on the 24/25 supply and demand in the United States. At present, < b > the market's focus is still on the loss of output in Brazil. Before the Brazilian weather risk has not been fully released, there are more short-term ideas to treat . The inflection point of hype may be initially formed due to the withdrawal of rainfall this weekend, accompanied by a significant increase in positions. At that time, attention will be paid to the risk of weather uptake and the emergence of its secondary rain and flood disasters.