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TMCNet:  Futures market survey: 80 pct expect range-trading of Dalian soy meal on Wed.

[January 08, 2013]

Futures market survey: 80 pct expect range-trading of Dalian soy meal on Wed.

BEIJING, Jan 08, 2013 (Xinhua via COMTEX) -- About 80 percent of futures experts surveyed by the China Finance Corporation, a financial information provider owned by Xinhua News Agency, expect range-trading of soy meal futures traded on the Dalian Commodity Exchange Wednesday while 20 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 soy meal include Zhongzhou Futures, Yide Futures, Minmetal Futures and Maike Futures.

The futures brokers that are bullish about Dalian soy meal include Honghai Futures.

Dalian soy meal contract for delivery in May of 2013 opened 17 yuan lower at 3,296 yuan/tonne Wednesday.

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

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