Source: China Grain Network
May 20, Chicago Board of Trade (CBOT) soybean Futures closed higher, with the benchmark period closing 1.6% higher, continuing to be boosted by concerns about crop losses in Rio Grande do Sul, Brazil. By the end of the day, soybean futures had risen 8.75 cents to 20 cents, of which July futures had closed 20 cents higher at 1248 cents/bushel; The August delivery ended up 17.75 cents, closing at 1243 cents/bushel; The November delivery ended up 13.50 cents to 1216.75 cents/bushel.
On May 20, Canada Oil on the Intercontinental Exchange (ICE) Rapeseed The futures market was closed for Victoria Day. On May 20, the Canadian rapeseed futures market of the Intercontinental Exchange (ICE) was closed for Victoria Day. The benchmark contract of Canadian rapeseed futures fell 0.4% last week because of favorable rainfall in the prairie, and farmers actively sold their stocks in the old season. However, Chicago soybeans and Soybean oil Strong, strong demand for rapeseed pressing, making rapeseed continue to maintain near the recent peak.
On May 20, Zheng Rape oil The main contract closed lower at 8814 yuan/ton, down 0.49%. The basis difference of oil plants was stable and weak. Jiangsu spot prices were 2409+70, and Guangdong 2409-160. There was no deal for major oil plants. Last week, the operating rate of oil refineries in coastal areas rose to about 30%, and the transaction and delivery of rapeseed oil were weak under the condition of high volume, and the inventory continued to increase. The monthly average arrival of imported rapeseed in May and July was estimated to be about 500000 tons. In addition, domestic rapeseed has been listed in succession and entered the press link. Under the circumstances of low consumption season and declining cost performance, rapeseed oil has maintained the accumulation expectation. In the short term, it is boosted by the weather speculation and the domestic macro positive, and it is expected that the strong shock trend of vegetable oil will not change.
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