Monday, May 30, 2011

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Futures market survey: 50 pct bullish about Dalian soybean on Mon.

  • Monday, May 30, 2011
  • Thùy Miên
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  • BEIJING, May 29, 2011 (Xinhua via COMTEX) -- About 50 percent of futures experts surveyed by the China Finance Corporation, a financial information provider owned by Xinhua News Agency, are bullish about soybean futures traded on the Dalian Commodity Exchange Monday, while 17 percent are bearish and 33 percent expect range-trading of the commodity.

    Futures experts here include futures brokers, research institutions and other market observers.
    The futures brokers that are bullish about Dalian soybean include Zhongzhou Futures, Maike Futures, Jinyuan Futures.
    The futures brokers that are bearish about Dalian soybean include Zhonghui Futures.
    The futures brokers that expect range trading of Dalian soybean include Galaxy Futures and Changjiang Futures.
    Dalian soybean for delivery in January of 2012 opened 6 yuan lower at 4,450 yuan/tonne Monday.

    Source: http://business-video.tmcnet.com/news/2011/05/29/5541542.htm

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