March 26 CBOT soybean assessment date: organize sideways, close inter-Up

Beijing Lin PETROFER message March 27: March 26, Chicago Board of Trade (CBOT) soybean market has closed each Change, the overall weak Yuanqiang near a pattern, the same day the market traded sideways oscillation organize.

As of closing, CBOT soybean Change each other, one of May contract fell 7 cents to close at 944 cents / bushel; July contract fell 5.50 cents to close at 940.50 cents / bushel; August contract fell 3 cents , closed at 924 cents / bushel.

Soybean market opened higher high going, but soon fall back to the same point. Afternoon trading, short selling by the effect of a 5 month contract hit a record low the day, dropped to the March 25 intraday low. Analysts said that after the surge in March, the current selection of some traders to sell profitable positions.

In addition, the United States Department of Agriculture to be released March 31 planting intentions report prediction area, adjust start position active.

The United States Bureau of Statistics survey released in February is slightly higher than expected soybean processing data for the 135.6 million bushels, while soybean oil is slightly lower than expected inventory for the 3.027 billion pounds, soybean inventory is located in the framework of market expectations for 435,000 short tons.

Weekly export sales data is located in the framework of market expectations. According to the United States Department of Agriculture released weekly export sales report showed that, as of March 19 of the week, this year's U.S. soybean export sales of 428,800 tons for next year to 111,500 tons, a total of 540,300 tons, which want much higher than the level a week ago.

The United States on March 26 the Ministry of Agriculture also announced that the United States to the Indian private exporters sold 35,000 tons of soybean oil, for delivery this year. In addition, private exporters to the United States sold to China 110,000 tons of soybean, for delivery next year.

Speculative short-selling of the 4000 Fund for the contract in hand.

March 26, soybean market turnover is estimated at 146,974 in hand, empty hand set was 314,392.

(Li Lei for reference only)