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TMCNet:  Futures market survey: 60 pct bullish about Dalian soybean on Tue.

[December 03, 2012]

Futures market survey: 60 pct bullish about Dalian soybean on Tue.

BEIJING, Dec 03, 2012 (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 bullish about soybean futures traded on the Dalian Commodity Exchange Tuesday while 20 percent are bearish and the rest 20 percent expect range-trading of the commodity.


Futures experts here include futures brokers, research institutions and other market observers.

The futures brokers that are bullish about Dalian soybean include Minmetals Futures, Jintai Futures and Dongyin Futures.

The futures brokers that are bearish about Dalian soybean include Zhongzhou Futures.

The futures brokers that expect range-trading of Dalian soybean include New Era Futures.

Dalian soybean for delivery in May of 2013 opened 22 yuan lower at 4,762 yuan/tonne Tuesday.

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

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