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

[December 03, 2012]

Futures market survey: 60 pct bullish about Dalian soy meal 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 soy meal 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 soy meal include Xianrong Futures, Jinzheng Futures and Shanli Futures.

The futures brokers that are bearish about Dalian soy meal include China Futures.

The futures brokers that expect range-trading of Dalian soy meal include Zheshang Futures.

Dalian soy meal for delivery in May of 2013 opened 3 yuan higher at 3,280 yuan/tonne Tuesday.

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

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