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TMCNet:  Futures market survey: 60 pct expect range trading of Dalian soy meal on Wed.

[December 11, 2012]

Futures market survey: 60 pct expect range trading of Dalian soy meal on Wed.

BEIJING, Dec 11, 2012 (Xinhua via COMTEX) -- About 60 percent of futures experts surveyed by the China Finance Corporation expect range-bound trading of soy meal futures traded on the Dalian Commodity Exchange Wednesday, while 40 percent are bullish about the commodity.
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Futures experts here include futures brokers, research institutions and other market observers.

The futures brokers that are bullish about Dalian soy meal include Zhongzhou Futures Co. and Shanghai CIFCO Futures Co.

The futures brokers that expect range trading of Dalian soy meal include Tianqi Futures Co., Dongwu Futures Co., and Brilliant Futures Co.

Dalian soy meal contract for May 2013 delivery opened 5 yuan lower at 3,405 yuan/tonne Wednesday. (Edited by Shi Chunjiao, shichunjiao@xinhua.org)

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