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The Fund Adjusts The Position &Nbsp Smoothly; Patiently Waiting For The Opportunity To Build Positions.

2011/3/15 16:01:00 49

According to Goldman Sachs analyst, at present, agricultural products

futures

Prices are facing downside risks, and Goldman Sachs suggests that investors take profits from closing positions and sell cotton contracts (Goldman Sachs suggested buying cotton contracts four months ago).

Goldman Sachs analysts said that after nine consecutive months of downward adjustment, the US Department of agriculture maintained the end of March inventory data in the March supply and demand report unchanged at 675 million bushels, compared with a slight reduction in stock prices expected in the market.

The total amount of corn remained unchanged.

This leads to a final inventory ratio of 5%, which will be the lowest level since 1995/96.

The Commodity Futures Trading Commission (CFTC) report shows that commodity funds hold more positions on the Chicago Futures Exchange (CBOT) soybean futures and options positions.

As of last Tuesday, the commodity fund held more than 144275 net worth in CBOT soybean futures and options, up 13047 more than a week ago.

Among them, more than a single quantity is 173052 hands, 5359 hands more than a week ago, 28777 hands empty, 7689 hands less than a week ago, and an empty plate of 867118 hands.

Today, Heilongjiang Mudanjiang soybean purchase market stability, including local

Commodity grain

The purchase price is 3.68 yuan / kg -3.92 yuan / kg, and the village purchase price is 3.60 yuan / kg -3.76 yuan / kg.

The most expensive soybean farmers in the oil field are still looking forward to the purchase of the oil price.

[market review and price outlook]

At present, the trend of commodities is more tangled, and some varieties are already showing signs of peaking.

The main market concern on agricultural products is the USDA report on planting intentions at the end of the month.

Therefore, short-term funds for the external market news digest mainly.

Japan is the largest corn exporter in the United States, the second largest exporter of wheat and the third largest exporter of soybeans.

The earthquake caused Japan's domestic demand to drop rapidly.

Although post disaster reconstruction will create a larger inventory.

But short-term risk aversion is overwhelming.

It also caused the CBOT market last Friday.

Agriculture products

Futures plunged.

We believe that the evolution of the oil and fat market is still reflecting the tightening cycle of the emerging markets. As the soybean dust settles in South America, and the emerging markets are facing the threat of inflation, efforts to tighten monetary tightening will bring greater pressure on commodities.

Adjustment is in progress.

Beans are bullish and weak, except for the above monetary tightening. At present, there is no special room for speculation.

Therefore, the next hype should be sown at the end of March and the sowing time in May.

It is expected that this week is still in the process of adjustment. On the operational side, it is proposed to leave the field for a while, or the beans will be emptied in 3360 at 4450 pressure level.