The futures group has been quarrelsome, some people get rich in a day, and some people lose a lot in a day. Today, agricultural futures have risen sharply, with soybean meal and rapeseed oil up to the limit. Red dates, eggs and hogs have all soared. Why?
The USDA acreage and extreme inventory reports released on Friday fell short of market expectations, and soybean acreage decreased, down 4 million acres from March estimates; Soybean prices rose sharply as soybean supply was likely to decrease due to reduced soybean acreage, as well as soybean meal and oil supply as soybean meal and oil supply were likely to decline due to reduced soybean supply.
From the financial level
Last Friday's member position data showed that JPMorgan's long net position in soybean meal increased by 183 million, and the short position decreased by 111 million, which is equivalent to a long net position of 300 million more in one day.
In addition, CITIC Futures and Galaxy Futures also made a good position adjustment last Friday, and both enjoyed today's soaring profits.
However, the largest net long position in soybean meal is Huatai Futures, which has made a profit of 273 million in the past 20 trading days. JPMorgan Chase, Qiankun Futures and CITIC Futures are all seats with a net market capitalization greater than 1 billion.
The pure short positions of soybean meal are COFCO Futures, SDIC Anxin and Yide Futures. They lost more money in this rally, but they have been profitable since the beginning of the year.
From a technical point of view
From a technical point of view, soybean meal formed a complex double bottom pattern in the early stage, forming symmetrical buying and selling points on pressure and support levels in the process of rising. Technically, this rally has reached the last relatively high level.
According to the AI trend prediction analysis of Zhida Lingfeng, soybean meal will fluctuate and rise in the future, and it will consolidate at a relatively high level for a long time and then re-select the direction.
Soybean meal spot prices have also increased
According to the latest data survey, the spot price of soybean meal across the country has risen sharply today, and the spot price has risen by more than 200 yuan per ton today. At present, the lowest price of soybean meal in the spot market is 4120 yuan / ton, and the highest is 4500 yuan / ton.