rapeseed
01
Sino-Russian grain and oil network
This week (October 11, 2021 - October 15, 2021) this week, rapeseed rose steadily, mainly in Hubei, Jiangsu and Sichuan. The average price of rapeseed in the country: 5933 yuan / ton, up 34 yuan / ton from last week. The market situation of rapeseed is as follows: unit: yuan / ton
Positive factors:
The main reason for the rise in rapeseed is that the surge in vegetable oil has triggered the market's optimism about the future of the rapeseed market. The rise of rapeseed along the river is a tentative rise, and the market is waiting to see if there is a terminal to receive goods. Yunnan rapeseed has risen due to the lack of surplus goods. Sichuan rapeseed has risen in the early stage, and the current demand is stable and the price is stable.
Bearish factors:
The northern rapeseed production is small, because the southern market does not accept high prices due to the large number of surplus goods in the south, and it is difficult for the price of northern rapeseed to impact the southern market in the short term, but the farmer's price psychology is still strong, resulting in the stability of rapeseed in the north.
Analysis prediction:
Rapeseed prices are expected to run steadily and strongly.
02 Vegetable Oil Weekly Report:
This week (October 11, 2021 - October 15, 2021), this week Zhengcai showed a trend of rushing up and falling, but the fluctuation range is limited, the disk surface shows a trend of high shock adjustment, the center of gravity rises, the spot is more up, the average price of this week's four-grade vegetable oil: 12630 yuan / ton, up 983 yuan / ton from last week, the average price of first-class vegetable oil: 12911 yuan / ton, up 795 yuan / ton from last week. The situation of rapeseed oil throughout the country is as follows: unit: yuan / ton
Domestic vegetable oil stocks showed a downward trend, and the market reaction was more difficult to buy. Coupled with the strong international crude oil market, crude oil is expected to continue to rise due to the recovery of demand, which will form a strong boost to domestic oils and fats.
Market Trend Forecast:
Although the current zheng oil price is too high, this week's intraday surface rose to near 12500 yuan, which is the highest since July 2008, but based on the fundamentals of limited domestic oil supply, as well as the strong trend of the international oil and fat market, once the international oil and fat rises again, it will continue to boost the domestic oil and fat market. Therefore, it is not ruled out that Zheng You may break through 12500 yuan. It is expected that vegetable oil will run steadily and strongly.
This article is excerpted from the WeChat public account: China-Russia Grain and Oil Network