Hui futures in Zhengzhou, December 1 the Department of Market Analysis

 Hui futures in Zhengzhou, December 1 the Department of Market Analysis
R & D department in Zhengzhou Jia Hui Hui Zheng sugar analysis
: shock drop test lower support
international investment bank Fortis to a report released in recent months sea reduce the cost to some extent, promote the export of Brazilian sugar. The report showed that Brazil's Santos port from outside Europe, the cost of transportation has been a period of time from 2008 years ago, the highest point of 135 U.S. dollars / ton in September fell to 85 U.S. dollars / tons, which in turn is now down to about 30 U.S. dollars / ton level. In recent years, such as India and Thailand with some sugar-producing countries to increase sugar production, and its corresponding increase in export volume, accounting for part of the Brazilian export market, while the rate of reduction would enable Brazil to regain some market share. But the environmental impact of the global economic crisis to the current needs of the international sugar industry, the International Sugar Organization predicted recently published data, the estimated 2008/09 global sugar sugar lack of market supply about 3.6 million tons.
Central American Sugar Organization said it expects the 2008/09 crop sugar exports in Central America will reach 2.42 million tons, up 8.5% over the 2007/08 crop season. projected 2008/09 crop Costa Rica, Guatemala, El Salvador, Nicaragua and Honduras, sugar production will increase 4.13%. One of Guatemala's sugar production is expected to grow 3.1% to 2.19 million tons; Nicaragua's sugar production increased 13.8% to reach 563,500 tons; Costa Rica will increase 4.7%, reaching 392,000 tons.
ICE Futures U.S. raw sugar futures price closed up 28, but the early gains and closed down in early trading to spot raw sugar futures rose as much as 12 cents / pound to a week and a half to the high point. ICE09 on March raw sugar futures rose 9 points to 11.90 cents / lb. And ICE09 on May raw sugar futures rose 10 points to 12.32 cents / lb. ICE09 raw sugar futures closed in July up 12 points to 12.55 cents / lb. spot raw sugar futures rose to 12.02 in early trading last cents / lb, but then reduced the gains., a trader said, the performance of U.S. stock market in November is extremely bad, but crude oil futures than their October low of 1.5 cents to .28 at the high prices have helped the Dow raw sugar futures market, but the dollar's strength limited the gains. crude oil futures market in the Organization of Petroleum Exporting (OPEC) recovered early fall before the Cairo Conference., traders said , 08 fall in the autumn ocean freight costs, which benefit Brazil's sugar industry. is expected to harvest sugar cane in the middle of the end of December and the factories closed a few months Hou Baxi central and southern ethanol prices.
Zheng sugar shock drop test 0905 contract lower support is expected around 3080 yuan short-term will test the range of technical support. Today, the watershed in 3160 yuan long and short, popular watershed in 3130 yuan. 3160 yuan below the bearish short-term market-based shocks, not suitable for the blind to see more operations. days Speculation is still bearish below 3130 yuan, breaking through there on the resistance test requirements of 3160 yuan speculation, exceeded 3160 yuan after the days of short-term speculative positions empty one should pay attention to risk. (Jia Hui)
Cotton Analysis: high to continue range-bound consolidation < br> China Cotton Association Cotton Production Monitoring and Early Warning Project Group (Cotton Research Institute of China Academy of Agricultural Sciences) on the country's 11 cotton-producing provinces and the Xinjiang Production and Construction Corps in 73 counties (regiments) 2,200 households (an effective sample of 1,692 households of which ) to pick and sell to the state monitoring the progress of fixed point and fixed users, monitoring results show that the basic end of the country picking cotton, progress faster than the same period in 2007. by the first half of November to accelerate the decline of sales prices of cotton, cotton prices dropped sell, cross- progress is very slow sales. As on November 15, the progress of the survey 98.2% of households harvested an average, an increase of 8.9%; sell the progress of 41.2%, down 30.6%; sell price of 4.69 yuan / kg, down 23.3%. < br> ICE Futures U.S. cotton futures closed mostly higher on 28, the lack of selling and technical support to promote the March of cotton .3 sharply higher this week on the settlement price of cotton rose 136 points to 47.91 cents / pound, trading interval in the 45.61 cents to 48.00 cents / bushel. This week, the March contract rose 611 points total. In recent months, December contract fell 40 points to settle at 45.75 cents / pound, trading at 44.77 U.S. cents to 46.62 range cents / bushel. May contract rose 176 points to 47.86 cents / bushel trading range at 46.90 cents to 47.91 cents / bushel .3 opened higher on Cotton, but in light trading in the United States dropped to 45.61 cents / lb intraday low. Analysts attributed this to the Thanksgiving holiday on the 27th. covering a significant drop in early trading, to bring support of cotton, despite a stronger dollar, CRB index weakness. the lack of selling in the case of plate the cotton market led to technical buying oversold, and the March of cotton to close at its highest since November 5 level.
cotton contract high of 0905 to continue range-bound consolidation, after the rally in short-term phase of the see-saw into the temporary Pupil finishing stage. is expected to organize short-term trend will continue to maintain the same shock. The current long and short technology divide 11,000 yuan, 11,200 yuan in popularity watershed. short of 11,000 yuan at the top see-saw order to maintain long-short market, the current price of 11,070 yuan key, days if The price is below the futures price will fall back further, then one should pay attention to more speculative position risk; on the price of running on 11,180 yuan on the existence of more than 11,400 yuan to continue to test the resistance of the request. (Jia Hui)
ale Analysis: 2000-1990 yuan to support the International Grains Council
bit critical new report issued by the Australian wheat production in 2008/09 to 2,000 tons of slightly reduced, but this is still much higher than in 2007/08 due to drought The level of 1,300 tons of cut. In contrast, 10-month forecast is 2,050 tons. International Grains Council (IGC) is also expected that EU wheat production in 2008/09 is expected to reach 155.5 million tons, slightly higher than the October forecast 155 million tonnes, but also much higher than actual production in 2007/08 124.3 million tons. Because of bad weather in Argentina's major wheat producing areas, coupled with reduced acreage of wheat, which IGC forecast wheat production in 2008/09 may have only 1,050 in Argentina tons. less than 10 month forecast of 1,100 million tons, far below the actual production in 2007 1,610 tons. IGC 2008/09 global wheat production to maintain the data unchanged at 683 million tons, but far higher in 2007 to 6.1 million tons. wheat harvested area is expected to decrease 1.6%, to 221.7 million hectares. IGC 2008/09, world wheat consumption will be lowered by 100 million tons, 6.5 million tons, compared to 2007/08 year is 614 million tons.
Chicago Board of Trade (CBOT) 3 July wheat closed up 28 at 7 1 / 4 cents to close at 5.61 1 / 4 dollars / bushel. Kansas City wheat futures exchange closed in March rose 5 1 / 2 cents, closing at 5.81 1 / 2 U.S. dollars / bushel. Minneapolis March wheat futures exchange closed down 1 / 2 cents to close at 6.10 3 / 4 dollars / bushel. in reduced gains CBOT3 late trading before the July wheat futures hit $ 5.65 / bushel between the high point of the disc. after Thanksgiving, the market trading at most of the time and no clear direction of the trend. wheat industry sources said, due to wet weather in harvest season reasons, Australia has 100 million tons of wheat quality downgraded to feed grade. This may support U.S. wheat, if the buyers will be forced to seek high-quality U.S. wheat supply. Traders said the supply of goods in Egypt bought 55,000 tender General tons of U.S. soft red winter wheat market did not give much support.
ale continue to shock the consolidation of the 0905 multi-party contracts, the leading multi-technology market, there continue to uplink requirements. The current 2000-1990 yuan range of technical support is essential for multi-operation on the need to focus on. Today Pupil watershed in 1990 yuan, popular watershed in 2000 dollars. 1990 yuan over the short-term thinking to maintain the high side, speculation over 2,000 days of above normal, below 2,000 1980 yuan is short-term support has dropped the possibility of speculation will be noted more than a single position risk. (Jia Hui)
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