Golden Ten Futures on June 12, the planting of US beans went smoothly, and the market estimated that the USDA monthly supply and demand report was neutral, and oil was running weakly in early trading. However, in the afternoon, domestic oil followed the trend of CBOT soybeans, CBOT soybean oil, and crude oil, and turned from a decline to a rally. big...
2024-06-12 11:24:43
Golden Ten Futures on June 12, the planting of US beans went smoothly. The market estimated that the USDA monthly supply and demand report was neutral, and the oil was weak in the early trading. However, in the afternoon, the domestic oil followed the trend of CBOT soybeans, CBOT soybean oil and crude oil, and turned from a decline to a rise. The volume of soybeans to Hong Kong continued to increase, the pressure on soybean meal supply did not decrease, and the demand was relatively flat, resulting in a shock adjustment of soybean meal. Due to the lack of obvious price advantage of rapeseed meal, the price difference of soybean meal and rapeseed meal was relatively small, mainly following the trend of soybean meal. It is expected that oil and oil will maintain a volatile trend.
Disclaimer:
1. The information provided does not constitute investment advice. Investors should make independent decisions and bear all risks themselves.
2. The copyright of this content belongs to the original author. The views expressed herein are solely those of the author and do not represent the stance or position of this website.
