Traders said that food prices are still influenced by external market around

Beijing PETROFER Lin March 10 news: According to traders, said the next week external market impact on food prices will continue to exceed the impact of fundamentals, investors pay close attention to the rebound in crude oil market situation.

Analysts said that if crude oil prices bottomed out, then this will help offset the U.S. dollar and the Dow Jones Industrial Index fell the impact. Recent soybean and corn prices are about the external market.

Large global wheat supply will be much higher than demand, the market is still speculation that the next few weeks the Indian federal government may permit the export of wheat to farmers before the election to win votes.

Asia, the U.S. corn demand is still strong, indicating the demand for short-term prices is still positive. Chinese purchases of U.S. soybeans but the pace has slowed, Brazil has started to reap the new bean suppliers listed.

(Li Lei for reference only)

2009-03-10