tuesday, january 4, 2011 2011年01月04日 周二 grain futures were .docVIP

Tuesday, January 4, 2011 2011年01月04日 周二 Grain futures were lower on Tuesday. The bearish mentality was linked to general commodity selling that saw the dollar turn higher and crude oil and gold trade sharply lower. Corn futures were down 9-12 cents. Soybeans were down 9-11 cents. Wheat was down 10-16 cents. Technical and money flow factors were the main selling points as profit-taking was a feature ahead of next Wednesday’s USDA crop reports and with some rain in the forecast for Argentina. 译文：谷物期货在周二的交易中收低。 看空的观点是基于美元指数走强，原油和黄金期货全部收低的情况下，总体商品期货处于卖盘的状态。玉米期价下跌9到12美分，大豆期价下跌9到11美分，小麦期价下跌10到16美分。技术上的因素和资金流动是导致卖盘的主要因素，也是要在下周周三USDA发布产量报告前以及预计的阿根廷降雨前，获利盘为锁定利润卖出平仓所致。 SOYBEANS… The soybean futures complex was lower, seeing soybeans, soymeal, and soyoil all trading lower. Soyoil was the weak link because of the weak crude oil, not getting the bounce that soybeans and soymeal got. The weather looks generally favorable for the Brazil crop. The uncertainty of the chance of rain for Argentina, what the USDA crop reports would have to say, and the bearish macro overtones made for a net flow out of the soybean futures complex. Fundamentally, things still look supportive, with some expectations that USDA will lower Argentina soybean production due to the dry weather and that China will be back for US soybeans at some point. The 20-day and an uptrend line for the March soybean contract are in the 13.40-13.50 area to suggest buying interest there. 译文：大豆方面，大豆期价在复杂情况中收低，可以看到大豆期价，豆粕期价，豆油期价全部收低。豆油期价下跌是因为原油期价的走弱，并没有像大豆和豆粕一样有所反弹。 天气状况总体来看是有利于巴西大豆的生长。 阿根廷降雨的不确定因素，下周USDA发布的产量报告如何，以及看空的宏观言论，这些因素使得资金从大豆期货品种上净流出。基本上，大豆期价还是得到一些支撑的，诸如由于干旱的天气，USDA会将阿根廷大豆产量调低；中国会在某个时间点上重新购买美国大豆这些因素。20日均线和3月大豆合约期价图表的在1340美分到1350美分的上扬趋势，暗示了还是有购买兴趣存在。 US Soybean Export Basis: 59H unch 美国大豆出口FOB升贴水59美分/蒲+3月期价 Bean Options… Beans ended the session down 9 ? Mch as losses in outside markets, and forecast for rain in Argentina sparked profit taking from recent gains. JP Morgan +2000 Mch 1500 calls