State Reserve policy of soybean futures - Soybean futures - Food Industry - medical mattress
First, market review For 2008, the agricultural futures market can be said to come out of the market for some soul-stirring, the dollar index, crude oil factors, supply and demand, Financial The combined action of crisis, leading international agricultural market volatility, soybean futures is no exception, and the prices great short-term volatility is almost unprecedented.
Outer disk, cbot soybean 1? In June crude oil prices continued to rise, Argentina strike, growing region floods and other factors, soybean futures prices are steadily rising, and in early July hit a record 1641.1 cents sale prices. But this was followed by the spreading financial crisis in the impact of the expected economic slowing also led to reduced demand for soybeans and soybean futures prices began to gradually lower, and investment funds withdrawal, it is worse on soybean futures prices lower . December 31, CBOT soybean market index closed at 987.7 U.S. cents / bushel, the highest price over the year decreased nearly 40%. Entered in 2009, the United States out of a wavelet early soybean rally, in fact, this wave rally from late December 2008, mainly by the stability of export demand and weather concerns of South America. However, the dollar index rose sharply, U.S. stocks fell across the board, South America, weather improved, the market is expected to increase in 2009, U.S. soybean acreage and weak global demand for soybeans and other negative factors, in February after the middle of the international prices of soybeans and products fell again. However, overall, in recent months, U.S. soybean futures market does not appear large changes in between 776 cents and 1060 cents Ruoshi shock, devastated by the financial crisis in under the influence of today, no message surface to stimulate price changes have become the touch signal.
Within the disc, the 2008 domestic soybean futures market trend in the external market, internal control policies and other factors, the present oscillation higher market after the sharp drop. First half of the soybean futures market mainly by the international impact of price rises, together with other investors to invest in the high enthusiasm for soybeans, making China's soybean futures market price volatility higher, setting a 5326 yuan / ton high. But the U.S. subprime mortgage crisis caused by rapid drop in commodity prices spread to domestic, domestic soybean prices down quickly, December 31, DCE soybean market index closed at 3,336 yuan a / t, decreased over the year reached a high of about 37% . Order to stabilize market prices, the state on one hand, the import and export tariffs have been adjusted, on the other hand through the Collection and storage to control market prices. For example, early in 2008 the provisions of January 1, 2008 to December 31 period 5% of the soybean export tax levy, then in the second half of the Ministry of Finance announced that from December 1 will be abolished export duties of 5% of soybean, but also began in October 2008 soybean import tariff will be resumed from 1% to 3%, the prerequisite for the protection of the interests of farmers, the government introduced a temporary purchasing and storage 6 million tons of soybean policies, subject to state purchasing and storage policies, 08 Since the start in December, and domestic soybean futures prices stabilized signs of stabilization, market changed little, largely in the sideways, Ruoshi shock interval, domestic soybean prices in the search for a new direction.
2, Aftermarket Forecast 1, domestic soybean prices have dropped dramatically highlights the difficult policy attribute is
Up to now, domestic soybean by purchasing and storage of domestic and imported soybean reserves to 10 million tons more than the number of domestic soybean stocks increased significantly, the state regulation was markedly increased soybean market, this time for the country thrown in the appropriate central reserve and temporary storage of soybean to stabilize domestic soybean prices made for it. Once the domestic soybean prices rise, the State may at any time release inventory, thus ensuring the supply of domestic soybean and reduce dependence on imported soybeans.
2, the main recommendations within the disc wide band of operating shock
Outer disk, the dollar depreciation caused by inflation expectations and the financial markets for the recent market rebound has brought some support efforts.
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