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TMCNet:  Futures market survey: 60 pct expect range-trading of Dalian soybean on Wed.

[January 08, 2013]

Futures market survey: 60 pct expect range-trading of Dalian soybean on Wed.

BEIJING, Jan 08, 2013 (Xinhua via COMTEX) -- About 60 percent of futures experts surveyed by the China Finance Corporation, a financial information provider owned by Xinhua News Agency, expect range-trading of soybean 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 expect range-trading of Dalian soybean include Zhongzhou Futures, Minmetal Futures and Maike Futures.

The futures brokers that are bullish about Dalian soybean include Honghai Futures and Nanzheng Futures.

Dalian soybean for delivery in May of 2013 opened 10 yuan higher at 4,739 yuan/tonne Wednesday.

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

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