【Network】 According to the Brazilian food industry agricultural advisory body AgRural said that as the number one producing areas of Brazil, Mato Grosso soybean farmers have begun harvesting new, but the precipitation yield may be excessive influence. Mato Grosso soybean production usually accounts for 27% of the country around. According to meteorological agency said, Mato Grosso during the first half of February rainfall may increase, because the cold front and the Amazon region of south-east. AgRural said that Brazil's soybean farmers worry about this month and next month, the rainfall during harvest can cause soybean root rot, and quality.
Do panic! the main force is still diving? stuck with the stock is likely to have saved! March the stock market changes are likely to occur? tug of war behind the hidden financial trends!
; After a week-long strike to protest against the Government of Argentina's export restrictions, Argentina farmers suspend strike, and to the government two weeks to cancel the wheat market interventions. Argentina, the leaders of the four major farm groups said last year, wheat production in Argentina reached the 1200 to 13,000,000 tons, excluding the domestic consumption of about 600 million tons of wheat, the remaining wheat is usually exported. But the Argentine government intervention in the wheat market, the domestic industrial and commercial procurement of wheat flour prices far below international standards. This hurt the interests of farmers. According to the U.S. Allendale
said that based on the analysis of the U.S. crop prices this year, U.S. farmers may increase corn acreage by 3.7%, reaching 91.492 million acres, higher than the previous year 88.192 million acres. U.S. soybean acreage decreased by 0.3% over the previous year to reach 77.144 million acres, down from last year's 77.404 million acres. Soybean prices in the United States Department of Agriculture data released before the intended acreage up 6.2%, to 15 U.S. dollars / bushel.
the face of oncoming surge of inflation, a growing number of emerging market economies into a blocking force. 24, Hungary and the Bank of Israel interest rate hike announcement, the Indian central bank is also 25, to do the same. In addition, many emerging market economies have introduced a series of measures to curb soaring food prices.
【Market Review and Price Forecast】
Recently a number of central banks raise interest rates to control soaring prices, leading to CRB index tumbled on Tuesday. Domestic commodity market has also been implicated. Soybean A1201 close at 4,443 yuan / ton, down 104 yuan the previous day's settlement price / ton on volume of 134,700 hand positions to reduce 4602 than the previous hand. M1109 meal to close at 3,419 yuan / ton, compared with the previous day's settlement price fell 84 yuan / ton, on volume of 390,100 hand positions less than the previous 18,642 hands.
short-term domestic inflationary pressures will force the Government to take the price up to a tight monetary policy intervention policy against high prices. Therefore, the volatility of related species have started to increase. Other unlisted regain recent rally in prices of agricultural products, food and beverage industry to spread downstream. January 17, 2011, the wholesale price index of agricultural products is 184.9.2011 since the beginning, the wholesale price index of agricultural products rose by 4%, about the year 2010, up 8%. Show that the huge price pressures. Significantly suppressed the current price of any profit from shipping of the composition, volatility will increase before the holiday. Technical point of view, is still running in Soybean weekly Bollinger bands over the side rail, and even track down meal starts to contract, still in the market ready stage. Long midline pattern changed now. Counter, there will be short-term setback, after entering adjustments, therefore, reduction of short-term rallies more than a single can. Range of operation.
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