June USDA report released, bearish oil plate?

Golden Ten Futures June 14th news, USDA released its June report, reporting a slight increase in the end-of-term inventory of US beans 10 million to 455 million, < br > < b > 1. Baocheng Futures: In terms of oil, soybean oil and palm oil are highly volatile, and the trend of the three major oils is slightly differentiated. Soybean oil and palm oil are relatively strong, but the whole is still in a volatile range. At present, the bean market is still a supply-side-driven market. In the case that the trading logic has not changed, the domestic bean futures price will continue to follow the adjustment pace of the external US bean futures price. In the context of weak demand acceptance in the oil market, the trading logic still comes from the linkage of the internal and external oil plates and the spillover impact of the crude oil market. < br > < b > 2. Huishang Futures: The USDA monthly report is neutral and bearish. The soybean area and unit yield data are basically within market expectations. From the historical data, June is not a critical time node for soybean growth, so the possibility of a significant adjustment of the data in June is not high. Overall, the USDA monthly report does not have much bright spots. The expectation of loose global soybean supply and demand has not changed. It is expected that before the US weather hype kicks off, US beans will continue to be weak and volatile. In the near future, palm oil is expected to remain the strongest variety in the oil and fat sector, and cross-variety arbitrage can be allocated to bulls.