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Industry point of view: the market of japonica rice will run smoothly

Published: 2024-11-24 Author: mysheen
Last Updated: 2024/11/24, The market of japonica rice will run smoothly under the influence of the rising temperature and the rainy season in the south, the terminal consumption demand of the rice market has decreased, the off-season characteristics are obvious, and the sales progress of processing enterprises will be slower. In the regulation and control policy, loose supply and demand

The market of japonica rice will run smoothly under the influence of the rising temperature and the rainy season in the south, the terminal consumption demand of the rice market has decreased, the off-season characteristics are obvious, and the sales progress of processing enterprises will be slower. Under the influence of regulation and control policy, loose supply and relatively stable demand, the domestic japonica rice market will run smoothly and the possibility of substantial change is very small.

Pervasive negative, soybean meal medium-term decline unchanged USDA6 monthly supply and demand report lack of profit, affected by this, even meal 1509 contract fell sharply. The analysis shows that the continuous good weather and record sowing area in the main producing areas of American beans are the main factors leading to the collapse of soybean meal. The volume of domestic soybeans to Hong Kong has greatly increased, the opening rate of crushing plants has increased and the demand for feed has been weak, which makes the market bearish at this stage. In the medium term, in the US bean weather speculation period, there is a high probability of sufficient precipitation in the main producing areas and good weather, plus 12.72% of the US bean inventory consumption ratio is the highest since 2007. Under the background of huge supply pressure, it is expected that even soybean meal will not be able to rebound continuously.

 
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