Sydney:12/24 22:26:56

Tokyo:12/24 22:26:56

Hong Kong:12/24 22:26:56

Singapore:12/24 22:26:56

Dubai:12/24 22:26:56

London:12/24 22:26:56

New York:12/24 22:26:56

Live Updates  >  Live Update Details

2025-12-18 20:58:23

[Caixin Futures: Agricultural Products Sector Under Overall Pressure, Oilseeds and Fats Weak] ⑴ Chicago Board of Trade soybeans traded weakly, the US Environmental Protection Agency's policy implementation is still far off, coupled with the weak reality in Southeast Asia, the imminent Australian rapeseed crushing, and national reserve auctions, all of which put downward pressure on the oilseed sector in the short term. ⑵ Regarding palm oil, the pre-holiday bulk oil purchasing window for vegetable oil brands is nearing its end, and prices in February next year will be lower than current prices, prompting traders to accelerate inventory releases. ⑶ Spot prices generally weakened, with 24-degree palm oil in Guangzhou quoted at 8380 yuan/ton, down 10 yuan/ton from yesterday; soybean oil quoted at 8340 yuan/ton, down 30 yuan/ton; and rapeseed oil in Jiangsu quoted at 9260 yuan/ton, unchanged. ⑷ Soybean meal futures have been fluctuating recently. US soybean prices have gradually returned to rationality from previous optimistic export expectations, leading to a pullback. Domestic soybean meal prices are generally bearish in the medium term due to lower import costs and ongoing domestic pressure. (5) Recently, due to tightened customs policies, the arrival time of some imported soybeans has been delayed, causing domestic soybean meal prices to stabilize. Short-term, it is recommended to sell on rallies. (6) Regarding corn, recent price declines have somewhat dampened farmers' reluctance to sell, leading to increased selling activity. However, northern port inventories remain low year-on-year, and the logic of short-term restocking demand driving a stronger corn spot market remains. (7) It is recommended to buy on dips after pullbacks, while continuously monitoring changes in farmers' selling sentiment. (8) Regarding hogs, the recent approaching winter solstice and peak season for cured meat demand has led to a stronger spot market. Coupled with news of swine disease in northern China, spot prices have rebounded. (9) However, the long-term supply situation remains loose. It is recommended to sell short the hog 03 contract on rallies, while monitoring the slaughtering pace and the peak demand during the winter solstice. (10) Egg spot prices have recently been mainly range-bound. Although the egg 01 contract is a peak season contract, it is still maintaining a high premium, indicating a high valuation. 11. It is suggested that short positions may be entered at appropriate times, but the impact of changes in feed costs such as corn and soybean meal on egg prices should be continuously monitored.

Real-Time Popular Commodities

Instrument Current Price Change

XAU

4324.37

-8.24

(-0.19%)

XAG

65.689

0.227

(0.35%)

CONC

55.83

-0.17

(-0.30%)

OILC

59.62

-0.10

(-0.16%)

USD

98.519

0.079

(0.08%)

EURUSD

1.1718

-0.0004

(-0.03%)

GBPUSD

1.3374

-0.0006

(-0.04%)

USDCNH

7.0354

0.0041

(0.06%)

Hot News