U.S. soybeans are expected to expand to 86 million acres, waiting for the June planting intention report to be verified!

Golden Ten Futures, June 7th, the new season of US beans, although this year's planting progress is lower than last year, it is still at a normal level, and good soil moisture has laid a relatively good foundation for the subsequent growth of US beans, which is conducive to the formation of US beans per unit yield. From the current soybean/corn price ratio of 2.7, and the corn planting cost is still high, < b > support the expansion of soybeans to 86 million acres , waiting for the June planting intention report to be verified. < br > China is still facing pressure on soybeans to arrive at Hong Kong, the supply of oil plants has gradually increased, and the inventory has increased significantly. At present, most of the domestic temperature is high, and it no longer supports the weight gain of pig breeding end pressure bars. With the arrival of the slaughter period of live pigs, the demand side support has weakened. It is expected that the supply and demand of soybean meal will be loose in June. < br > Due to the revision of Brazil's domestic tax credit policy, Brazilian farmers' sales will slow down, trade flows will be tightened, and domestic arrivals in Hong Kong may be affected in the distant month. Brazil's production loss has entered the cash-in period, and the annual supply and demand in South America are still loose. < b > The smooth sowing of new season US beans will continue to put pressure on CBOT soybeans and domestic soybean meal main players. Be wary of further vomiting in the weather. Argentina's harvest and export sales have accelerated, and the revision of Brazil's tax credit policy has increased short-term uncertainty. Operationally, wait and see is the main focus.