UpdateTime：2019-08-02Source: Shandong Fu Animal Husbandry Technology Co., LTD
The outcome of sino-us negotiations is unclear, the market continues to focus on the arrival of soybeans
Foreign Ministry Spokesperson Hua Chunying held a regular press conference on July 31, according to a report by the People's Daily on July 31. Asked by a reporter, Trump recently tweeted that if Beijing had to wait until after his re-election next year to sign a deal, it would be a worse deal. "I have also seen relevant reports and tweets," Hua said in response. I just want to laugh. At this time, the US side put out words to try to exert extreme pressure. I think it is meaningless. It is useless to ask others to take medicine when you are sick! On the issue of economic and trade consultation, the US side should show more sincerity and integrity. Sources said that the Chinese and American trade teams took photos and shook hands in Shanghai around 13:37 local time. According to the previous schedule, the photos were initially arranged around 14:15 PM. None of the officials spoke publicly, and U.S. officials left for the airport. The market is focused on the trade war. Although it seems that the foreign Ministry's statement is not going well, in the absence of any positive conclusions and comments, the market cannot make any guesses and can only focus on other factors besides the progress of the trade negotiations again.
The Federal Reserve is expected to cut interest rates soon
The fed is expected to cut interest rates for the first time since 2008 at 1800GM. With 78 percent of traders now expecting a quarter-point cut, the chances of a bigger cut have diminished amid better-than-expected data on everything from U.S. second-quarter economic growth to consumer confidence. Markets focused on whether the Fed left the door open for further easing to protect the economy from slowing global growth and trade conflicts. Once the Fed cuts interest rates, the dollar will weaken, good for commodity markets.
The market is focused on USDA's monthly report for August
The beans are now the weather hype, but the latest beauty bean crop, according to data from the fine rate remained at 54%, than before no too big change, but with the arrival of August, the market began to focus on August monthly report of supply and demand, mainly because the quarterly report released in June, after the USDA also said that want to survey the bean planting area, the latest data released in August, this leads to a market for June, July monthly report all don't care, the market waiting for the monthly report in August.
Late soybean to port a large amount
According to the China Grain and Oil Business network big data monitoring shows that China's soybean to Hong Kong in July and August are relatively large. Due to the shortage of funds in some oil plants and the concentration of some ports to ports, about 200 tons of soybeans are waiting to be loaded and unloaded in each anchorage. Therefore, the actual amount of soybeans arriving at the port in July may be reduced, and the unloading of soybeans in August will also be affected and delayed. In this way, the arrival quantity of soybeans in July may be maintained above 9 million tons, while the arrival quantity of soybeans in August may be close to 10 million tons. At present, the arrival quantity of soybeans in September is expected to be nearly 7 million tons, and the arrival quantity of soybeans in October is expected to be 3 million tons. With such a large amount of port arrival, the domestic soybean market is under pressure. Under the situation that the demand for soybean oil starts gradually and the demand for feed is still poor, the market is expected to continue to dump soybean oil. The latest data shows that the weekly soybean oil inventory decreases by 36,000 tons, while the weekly soybean meal inventory increases by 45,000 tons. When the effect of external forces is not significant, the bulk of the soyabean arrival pressure will continue to be borne by meal.
