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TMCNet:  Futures market survey: 40 pct bullish about soybean on Mon.

[July 22, 2012]

Futures market survey: 40 pct bullish about soybean on Mon.

BEIJING, Jul 22, 2012 (Xinhua via COMTEX) -- About 40 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 40 percent are bearish and the rest 20 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 soybean include Huayuan Futures and Dadi Futures.

The futures brokers that are bearish about soybean include ITG Futures and New Era Futures.

The futures brokers that expect range trading of soybean include Tianqi Futures.

Dalian soybean contract for January delivery opened 53 yuan lower at 4,750 yuan/tonne Monday.

(Edited by Wang Jiahang, Liu Xiaoyun, liuxy08@xinhua.org)

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