Golden Ten Futures, May 27th, according to the analysis of CITIC Construction Investment Futures, the improvement in the export data of horse palm oil is due to the increase in demand in India. Datagro slightly lowered its forecast for soybean production in Brazil, which was caused by the decrease in unit yield. Russia, Ukraine, Black Sea rapeseed production areas are facing frost...
2024-05-27 14:23:19
Golden Ten Futures, May 27th, according to the analysis of CITIC Construction Investment Futures, the improvement in the export data of horse palm oil is due to the increase in demand in India. Datagro slightly lowered the forecast of Brazilian soybean production, which is caused by the decline in unit yield. Russia-Ukraine Black Sea rapeseed production area is facing the pressure of frost to reduce production. Although the domestic supply is generally sufficient and the spot is under obvious pressure, there is still the possibility of fermentation in the short term of the international oil bullish theme. The oil bullish theme still exists, and the market is more willing to game the weather theme, but the macro sentiment has weakened, and the upward momentum of oil is temporarily limited in the short term. It is expected that the main operating range of soybean oil 09 is 7500-8000, the main operating range of palm oil 09 is 7300-7700, and the main operating range of rapeseed oil 09 is 8
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