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The Wait-And-See Agricultural Products Are Mainly &Nbsp, And Cotton Is Still Going Down.

2011/5/18 15:55:00 40

Agricultural Products Cotton

   Cotton (25375,55.00,0.22%):


yesterday American cotton The 07 month contract closed at 155.04 cents, up 3.89 cents, due to market rumors that the cotton price rose at the end of the last month when the contract was not enough for cotton delivery, which was barely on the 5 week moving average. The upper part was blocked down near 158. If the latter could not effectively break through 158-160 cents later, the market could still go down, and there might be support near the 145 cents.


Yesterday, Zheng cotton 1109 contract closed at 25340 yuan / ton, settlement price rose 15 yuan / ton, the position reduced 9818 hand. From the trading positions in recent trading days, there is a bargain buying intervention, but Spot market The performance is still weak, and it is expected that the market will still be dominated by concussion. Zhengmian 1109 contracts have support near 24000, and the upper pressure level is near 26000. Investors are advised to wait and see.


White sugar (6656,50.00,0.76%):


Yesterday Zheng sugar 1109 contract closed at 6625 yuan / ton, settlement price fell 15 yuan / ton, the position reduced 13610 hand. Judging from the disk situation, the price in the 6550 place is strong support, the upper 6680 pressure, expect the market will be in the 6550-6680 interval wide concussion.


Soybeans:


Yesterday, the 07 month contract of the US beans closed at 1338.50 cents, up 13.50 cents. Later may continue to operate in the 1300-1350 interval, such as breaking through 1350, there is a strong possibility. If you fall below 1300, you will see weakness later.


yesterday Beans (4221,25.00,0.60%) the 1201 contract closed at 4355 yuan / ton, the settlement price fell 38 yuan / ton, and the position increased 10448 hands. Yesterday's intraday drop of 4350, and later, although it was above 4350, but increased the possibility of even beans breaking down. Lian Lian has been rocking nearly 4350 trading days for 8 consecutive trading days. If the market is still unable to break through in recent days, the market outlook will be weak. If the price is above 4350, it is recommended that investors should wait and see. If effective falls below 4350, a short position can be established, and 4250 of them will have support.

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