After the Dragon Boat Festival, oils and fats collapsed and the market plummeted. Palm oil fell more than 6% daily, and soybean oil fell nearly 4% daily. Shuang Meal followed the decline, the demand was not good, and the live pig continued to decline. After the holiday, the entire agricultural product went green and the market continued to fall.

Exterior plate fats and oils fell to the limit. After the holiday, the fats plummeted

Since the second quarter, oils and fats have been up and down, and have been in a high level of oscillation, and did not really stage the sharp diving market in mid-March. Soybean oil continued to fluctuate between 9,200-9600 yuan/ton. Although palm oil did not perform as well as soybean oil, it was still operating at a high level in mid-May-June. After the Dragon Boat Festival, the oil fell back to before liberation. Soybean oil fell to the 9,000 yuan mark in early April; palm oil returned to the first line of 7,900 yuan/ton in early April. ; Rapeseed oil fell to the ten thousand yuan line.

The main reason for the plummet of fats and oils was that during the Dragon Boat Festival, foreign media reported that the demand for biofuels was expected to decline. The external US soybean oil once fell to the limit. After the holiday, fats and oils futures collapsed and fell sharply. Palm oil futures fell by more than 6%, soy oil futures fell by more than 5%, and rapeseed oil fell by more than 6%. The futures firm suppressed, and the spot price fell following the market.

Oil and fat market dragged down, Shuangshuo fell with the market

During the Dragon Boat Festival, external oils and fats fell sharply, soybean futures were affected, and the market also fell. After the holiday, dragged down by the oil market, soybean meal and rapeseed meal futures fell one after another. Soybean meal futures fell more than 4%, and rapeseed meal fell nearly 5%. The futures market was suppressed, and the domestic meal spot market fell. Soybean meal spot fell more than 3% daily, and rapeseed meal spot fell close to 4%.

Weak demand, pigs continue to decline

During the Dragon Boat Festival, domestic meat market demand remained weak, and the problem of strong supply and demand in the live pig market remained weak, and pig prices continued to fall under pressure after the holiday. On June 15, the average domestic pig price fell to 14.60 yuan/kg, a sharp drop of 15.95% from June 1 and a decrease of 58.43% from January 1, a drop of nearly 60% within six months.

After the holiday, the market for agricultural products has gone green in an all-round way, and the market’s bullish enthusiasm has declined. In the short term, there is no room for big gains in fat, double meal, and live pigs and eggs. Outer disk US soybeans are still in the growing period, weather speculation is still the subject, and long-term agricultural products are still expected to rise again.

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