1. Analysis of seasonal trend characteristics of soybean meal futures in China.
1. Soybean meal is a by-product of extracting soybean oil. Soybean meal is mainly used as the main raw material of livestock and poultry feed because of its high protein content.
2. The factors affecting the price of soybean meal are complex and changeable, but they can be roughly divided into three categories. First, the trend of macroeconomic environment affects the mainstream price of soybean meal. Second, the relationship between supply and demand affects the main fluctuation range of soybean meal price. Third, the surrounding related products or substitutes restrict the price fluctuation of soybean meal.
3. Soybean meal futures of Dalian Commodity Exchange was officially listed in July 2000. It can be seen from the trend of soybean meal that the production and sales of soybean meal are closely related to the seasonal changes, and the price trend of soybean meal can be grasped through careful analysis.
Second, the trend analysis of soybean meal futures over the years
The trend chart of soybean meal futures price fluctuated the most in 2008, which may be due to the drastic changes of macroeconomic environment and the comprehensive influence of fundamental factors at that time, which led to the rapid decline of soybean meal price after hitting a new high and hitting a new low at the end of the year. In addition, around the second half of 20 1 1 and August of 20 12, there was also a unilateral market trend in a certain sense, and the soybean meal futures prices were relatively stable in other years of the year.
1. Classification of soybean meal
According to national standards, soybean meal is divided into three grades, namely, primary soybean meal, secondary soybean meal and tertiary soybean meal. Judging from the current domestic soybean meal spot market, the total domestic soybean meal processing (excluding imported soybean meal) in100000 tons in 1999, of which the first-class soybean meal accounts for about 20%, the second-class soybean meal accounts for about 75% and the third-class soybean meal accounts for about 5%. The circulation change of tertiary soybean meal is mainly related to the quality of soybean.
Second, the use of soybean meal.
About 85% of soybean meal is used to feed poultry and pigs, and various amino acids contained in soybean meal are suitable for the nutritional needs of poultry and pigs. Experiments show that the amino acids contained in soybean meal alone are enough to balance the nutrition of poultry and pigs without adding extra animal protein, thus promoting the nutrition absorption of livestock. Soybean meal has been used to the greatest extent in poultry and pig breeding. Only when the unit protein cost of cottonseed meal and peanut meal is much lower than that of soybean meal will they be considered for use. In fact, soybean meal has become the benchmark for comparison with other sources in protein.