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TMCNet:  Futures market survey: 60 pct bearish Dalian soy meal on Wed.

[February 26, 2013]

Futures market survey: 60 pct bearish Dalian soy meal on Wed.

BEIJING, Feb 26, 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, are bearish about soy meal futures traded on the Dalian Commodity Exchange Wednesday while 40 percent expect range-trading of 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 Dalu Futures and Dongwu Futures.

The futures brokers that are bearish about Dalian soy meal include Shanghai CIFCO Futures, Zhongzhou Futures and Tianqi Futures.

Dalian soy meal contract for delivery in September of 2013 opened 0.27 pct lower at 3,347 yuan/tonne Wednesday.

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

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