world of tanks power leveling and the scale of its procurement for China's annual demand - EQO

Mandarin financial (Edit Ge Yan)-one or one-week market data and review last week, remains the main focus of international macro-market Greece debt problem. Despite the weekend Greece Parliament adopted a new fiscal austerity programme, Greece increased hopes for new international aid funds. Had to decide whether to Greece a new round of assistance of euro-zone finance meeting on WednesdayCancel outside, and decided on Greece postponed a new round of assistance to April Greece after the general election, which already subsided in Greece's debt problems and then waves. Under this influence, BN 4th consecutive rise, and on the commodities market as a whole must be suppressed. However, pulses strong market performance. CBOT soybean breakthrough triangle consolidation the last week up and score from last year 1Since the mid-0月 high. Mainly because Chinese Vice President XI Jinping last week during a visit to the United States, China and the United States signed up to us $ 4.3 billion (8.62 million tons) of the soybean procurement contracts. Despite the domestic beans and no obvious good, but beans rose led by the United States, domestic beans overall gains. Second, Fundamentals review 1, domestic oil prices fluctuated inSoybean meal price rising domestic price stability in edible vegetable oils fluctuated last week, oil prices rose slightly, vegetable oil prices were relatively stable, reduced slightly in the palm oil price stability. Grade soybean oil factory in Bohai 8850-8950 Yuan/ton, partially reduced slightly over the previous weeks; four levels in coastal areas in East China factory price $ 8,950/tons of soybean oil, moreFlat in a week; grade soybean oil factory in South China coastal area 8700-8800 Yuan/ton world of tanks power leveling, down slightly last week per 100 Yuan/ton. In middle and lower reaches of the Yangtze River grade rapeseed oil price 9750-9850 Yuan/ton, relatively flat last week. Main port of 24 retail price of palm oil in China 7600-7850 Yuan/ton, compared with the same period a week down 20-50 Yuan/ton. Since new year's day, soybean oil price gained $ 200-400/ton, vegetable oil is up $ 50-150/ton, palm oil gained $ 50-200/ton. Ex-factory price of 43% protein soybean meal as a whole continued to move up in the coastal areas. Factory prices for soybean meal in Bohai 3000-3150 Yuan/ton, compared with the same period a week rose 10-40 Yuan/ton; coastal regions of East China soybean meal price $ 3040-3070/ton, rising over the previous week $ 10-20/Mt soybean meal in coastal areas of southern China factory price at $ 3030-3080/ton, rose 20-40 Yuan/ton over a week earlier. Since new year's day, soybean meal up to 100-180 Yuan/ton in the coastal areas. 2, soybeanSqueeze profits continue improving as lower soybean oil and soybean meal price keep rising, squeezing profits of the oil factory since the new year started to improve, thus gradually converted to earnings of losses before. Last week oil squeezed profits continued to improve, squeezing profits remain at oil factory in East China 100-135 Yuan/ton, rise 30-40 Yuan/tons over the previous week. Domestic port 3, palm oilInventory continued to record monitor display, at present around major ports inventory of 880,000 tons of palm oil, over a week ago about 60,000 tons, the 12th consecutive week increased, among which about 350,000 tons of stock in Hong Kong, around 170,000 tonnes of stock of Tianjin Port, Zhangjiagang stock over 150,000 tons. Domestic port palm oil stocks rise to highest since 2008。 According to the shipping agency survey, February half Malaysia palm oil export to China of 131,000 tons, compared to a month earlier from the 14.9%. March schedules currently Malaysia palm oil on port 1080 USD/ton FOB quotation, to the dutiable cost about $ 8,720/ton in Hong Kong, higher than domestic distribution price 950 Yuan/ton, hung upside down on the moreMonth-end expansion of about 50 Yuan/ton, the previous week by 100 Yuan/ton. 4, the soybean procurement contracts signed between China and US $ 4.3 billion last week, Chinese Vice President XI Jinping, during his visit to the United States, Chinese trade delegation with United States food company reached an agreement from the United States bought 8.62 million metric tons of soybeans, valued at approximately US $ 4.31 billion. The agreement shows that China and the United StatesThe two largest economies in the world agricultural trade ties deepen between. In addition, COFCO group in China and China grain reserves Corporation, and other companies have with the United States food industry giant Archer Daniels Midland, Bunge and Cargill companies signed an agreement. Iowa Soybean Association (Iowa Soybean AsSociation) President Kirk-Leeds (Kirk Leeds), China is expected to visit the United States delegation will be increased soybean purchase agreement signed recently in Los Angeles, the total will reach a record number of more than 12 million tons. 5 bean net long continued to increase, and the United States, funds clear return CFTC position report published on Friday showed that as of February 14th, the CBOT soybean futures fund long position 152,160, an increase of 13,304; short 60,561 hands, reducing 4,633; net long 91,599 hand, increase 17,937. Soybean meal Futures Fund long position 36,246, reducing 606; short position 35,345 hands, reducing 1553; net long 901Increase of 947, from clearance into the net. Soybean oil Futures Fund long position 71,097, reducing 549; short 64,554 hands, reducing 9,567; net long 6,543, increase 9,018 hand and by clearance into the net. CFTC position according to the bean market entry of bulls, and short out, recycling significantly. 6, ChinaCentral Bank reduced reserve requirements on Saturday during the year, people's Bank of China decided, as of February 24, 2012, reduced deposit financial institutions renminbi deposit reserve rate 0.5%. This is the Central Bank for the first time since the 2012 cut deposit reserve rate. After this adjustment, large financial institutions, and small and medium-sized financial institutions in China and 20.5% respectively 17% reserve. Market estimates, a move that would release 4 to about 500 billion of liquidity. Third, bean market summary and recommendations last week is the most critical factor is the impact of Sino-US Soybean procurement contracts. Though currently only signed a framework agreement, specific purchase time is uncertain, and the scale of its procurement for China's annual demand, norVery large. But for itself in the near future for bean market fundamentals were more positive, like the icing on and finally after nearly a week of consolidation of CBOT soybean breakthrough high up the triangle finishing. In addition world of tanks power leveling, announced on Saturday the Central Bank figure soft cut deposit reserve rate 0.5%, but also to the continued strength of the beans in the near future the market adds new impetus. Next week is expected CBOT soybeans higher, is expected in the short term study on 1300 cents integer point. We believe that the main run interval of CBOT soybean future cents range in 1300-1400. Therefore, fundamentals and macro-surface under the influence of the double positive, our country legumes also continues to maintain a long-term bullish thoughts. (East futures Wang Ping Wu)Gold-line statement: Gold-line reproduced above, does not indicate that confirm the description, for investors ' reference only and does not constitute investment advice. Investor operations accordingly, at your own risk.