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Heavy soybean meal supply pressure, sell on rebounds
On the 11th, the soybean meal 1509 contract showed an oscillating trend. As of the close, the soybean meal 1509 contract edged lower, settling at 2733 yuan/ton, down 0.11% from the previous day's settlement price, while open interest increased by 45980 contracts to 4101558 contracts. Before the USDA released its latest soybean supply and demand report,
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Soybean oil, palm oil and rapeseed oil futures prices take a collective breather
"The rally in oils and fats varieties will not just quietly end like this; after consolidation, the probability of a medium-term rise is very high." Wang Huan, a grain and oil trader in Hubei, told the Futures Daily reporter that the collective surge and pullback in the futures prices of China's three major oils yesterday was only temporary, and the speculation over low oils and fats market inventories and the coming El Nino weather is not over yet.
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Soybean procurement progress in main producing areas as of April 30 is far below the same period last year
According to statistics, as of April 30, grain enterprises of various types in 14 main mid-to-late indica rice producing areas including Hubei and Anhui had purchased a cumulative total of 28.21 million tons of newly harvested mid-to-late indica rice, a decrease of 1.52 million tons from the same period the previous year; grain enterprises of various types in 7 main japonica rice producing areas including Heilongjiang and Jiangsu had purchased a cumulative total of newly harvested
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2015 soybean target price set at 4,800 yuan per ton
The National Development and Reform Commission issued a notice on the 28th, stating that in 2015, the state will continue to carry out the pilot reform of the soybean target price in the three northeastern provinces and Inner Mongolia. The 2015 soybean target price is 4,800 yuan per ton, unchanged from the 2014 level.
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How are soybean target price subsidies paid out?
In early 2014, China began piloting target price subsidies for soybeans in Northeast China and Inner Mongolia and for cotton in Xinjiang, which meant the end of the temporary state reserve policy for soybeans that had been in place since 2008. Whether the soybean target price reform pilot succeeds bears on the success or failure of the target price reform for agricultural products.
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Soybean and grain imports increase, edible oil imports continue to shrink
The General Administration of Customs announced that China imported 2.14 million tons of grains and grain flour in March, 2.35 million tons in February, and a total of 6.91 million tons of grains and grain flour in January-March; the cumulative total for the same period last year was 5.04 million tons, an increase of 37.0% year on year. China imported 4.49
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China's soybean imports in January up 17% year-on-year
Monthly statistics released by the General Administration of Customs of China show that in January 2015 China's soybean imports rose to 6.9 million tonnes, higher than 5.9 million tonnes in the same period last year, a year-on-year increase of about 17%. The report shows that in January China imported 28,000 tonnes of soybeans from Brazil, lower than the previous year
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China's coarse grain and soybean imports to grow by more than 40% over the next decade
By 2024, China's net imports of coarse grains and soybeans may increase by 46% and 40% respectively compared with current levels. The report said that for at least the past decade, China has been a net importer of cotton, soybeans, rapeseed, barley, soybean oil and palm oil. Since 2008/09
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Soybean Meal Prices Tentatively Stabilize and Improve, But the Breeding Industry Has Not Yet Substantially Recovered
Recently, driven by factors such as feed enterprises stocking up and a decline in oil mills' operating rates, soybean meal has shown a moderate upward trend. In addition, imported soybean arrivals at ports are lower than the same period last year, which may lead to a phased shortage of raw material supply at some oil mills after the holiday, and soybean meal market circulation
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China's soybean crushing industry lost 20 billion yuan in 2014
In 2014, prices in China's soybean crushing industry fluctuated downward, with the entire industry profitable only in November and posting losses in all other months. Since 1996, almost all of the increase in global soybean imports has come from China. In 2014, China's soybean imports reached 71.4 million tons, accounting for 65% of global soybean imports.
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