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After the three major wheat-producing provinces in the south launch the implementation plan for the minimum purchase price of wheat in 2020, it is likely to extend the acquisition time.IPO subscription method.In the large-scale 310-day cycle, it is only a matter of time to continue to see the high to 2212-2340.56.After the adjustment of the current fourth wave is completed, the final upward movement will be released.From the perspective of the US chlor-alkali market, sources do not believe that Westlake’s Lake Charles caustic soda prices will rise.From the perspective of late rice production, flood disasters caused part of the late rice seedling fields to be submerged, and the quality of the seedlings was deviated.

In the first half of the year, the increase mainly came from Australia, showing a pattern of more Australia than Brazil; in the second half of the year, the main increase came from Vale, and Australia as a whole had no increase, or showed the opposite pattern of the first half.In addition, last week the US Meteorological Forecasting Center officially announced the formation of the La Nina weather phenomenon.

Without compressing production capacity or increasing demand, it will keep running at a low level.

Soybean oil inventory itself is still below the five-year average, and the overall price is not pressured.From 2013 to 2015, with the elimination of the industry's backward production capacity and the adjustment of the company's own product structure, the industry's supply and demand pattern gradually tended to balance.