March soybean oil extraction machine prices fear- first rising then suppression
Negative factors are: First, the recent OIL EXTRACTION MACHINE market institutions in Southeast Asia, palm oil production is expected to strong, the first half of the weak range of shocks, the center of gravity down; Second, the Malaysian government on February 17 announced the March OIL EXTRACTION MACHINE palm oil export tariffs raised to 8 %, Will inhibit the export demand of palm oil is not conducive to the horse plate price; third is the recent large amount of palm oil to Hong Kong, palm oil is expected to reach about 38 million tons in February, a total of 1.23 million tons in the first quarter, slightly higher In the same period last year, 1.16 million tons, subject to seasonal effects, OIL EXTRACTION MACHINE palm oil demand is light, domestic palm oil stocks will continue to rise.
March soybean oil extraction machine prices fear- first rising then suppression
February domestic soybean OIL EXTRACTION MACHINE market prices as a whole fell mainly in the fall of 300 yuan / ton, mainly due to: the recent market speculation in South America, high yield, coupled with the Brazilian weather better harvest speed significantly accelerated, making the US soybean futures fell , The US soybean OIL EXTRACTION MACHINE contract once broke the 1024 cents line of support points, drag the global soybean product futures, making the domestic soybean oil market prices lower with the plate.
US beans OIL EXTRACTION MACHINE suffered multiple negative, the price is still down space
US Department of Agriculture OIL EXTRACTION MACHINE at the annual outlook forum is expected in 2017 US soybean acreage area of 8,800 million acre record high, higher than analysts expected the average of 87.6 million acres, higher than 2016, 83.4 million acres. This shows that if the United States OIL EXTRACTION MACHINE in 2017 there is no more serious weather disasters, the US soybean this year there are still high yield possible.
Coupled with the South American soybean OIL EXTRACTION MACHINE region weather situation as a whole is good, the market is expected to Brazil soybean production will reach 107.8 million tons, higher than the previous estimate of 104 million tons. And the new soybean harvest work is progressing smoothly, according to analysts said the Brazilian soybean OIL EXTRACTION MACHINE harvest work has been completed about 25%, 7% higher than the same period last year, 2 - 3 months Brazilian soybean exports will reach 9 million tons, Export share. US beans in the negative bearish OIL EXTRACTION MACHINE pressure, the pen in the long term US soybean futures are still down space, or will break the 1000 cents line.
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