Is La Niña delayed? Market person: The weather in the short and medium term is conducive to the growth of American beans

Jin Ten Futures, July 22, due to the slow decline in ocean water temperature in the El Niño region, the National Oceanic and Atmospheric Administration (NOAA) forecasts that the arrival time of the global La Niña phenomenon in 2024 will be delayed, from July in the spring forecast to the latest September-November, and continue to the winter in the entire northern hemisphere. Yang Jing, an agricultural analyst at Hongye Futures, said that the short-term and medium-term weather is still conducive to the growth of US soybeans. The pressure on US soybean production is obvious, and the downward pressure on soybean and soybean meal prices is increasing. In the view of Liu Bingxin, an agricultural analyst at Huishang Futures, in the context of the strong expectation of global oil and grain production, short-term weather trading is only the driving force for the staged rebound in prices, and it is difficult to support the important task of changing the pattern of supply and demand. Therefore, investors are advised to view weather trading rationally. The recent "double meal" rebound is not directly driven by weather factors, and bottom fishing is recommended to be cautious.