Agricultural product futures prices rebounded across the board on the 18th

Agricultural product futures prices rebounded across the board on the 18th In the Chicago agricultural futures market on the 18th, wheat, corn and soybean futures prices all rebounded, as the Federal Reserve removed the word "patient" from its forward guidance on interest rate hikes, easing market expectations that the Fed would speed up rate increases, which was positive for Chicago agricultural futures prices that day. A weekly report released by the U.S. Energy Information Administration on the 18th showed that U.S. ethanol inventories fell from the previous week, while average daily ethanol production rose weekly, helping corn prices rebound as corn is the main raw material for ethanol. In addition, after four consecutive trading days of declines, soybeans fell on the 17th to their lowest price in nearly five months, and a large amount of bargain hunting emerged in the market, helping to expand the rebound in soybean futures prices.

State reserve 2010 rapeseed oil transaction rate 47.3% Approved by the relevant state departments, the state temporary reserve imported wheat and rapeseed oil competitive sales auction held on the 18th concluded smoothly. This auction planned to sell 20,492 tons of 2013 U.S. No. 2 soft red winter wheat stored in Fujian, with 1,815 tons actually traded, a transaction rate of 8.86%, and a transaction price of 2,460 yuan/ton; it planned to sell 3,082 tons of 2009 rapeseed oil, with 541 tons actually traded, a transaction rate of 17.55%, and a transaction price of 5,800 yuan/ton; and 35,682 tons of 2010 rapeseed oil, with 16,876 tons actually traded, a transaction rate of 47.3%, and a transaction price of 5,961 yuan/ton.