On December 24, the CBOT January soybean futures contract (ZSF9) fell 0.5 cents to 884.25 cents per bushel. January soymeal futures contract (ZMF9) rose 1.9 cents to $307.5/short ton. The January soyoil futures contract (ZLF9) fell 0.16 cents to 27.73 cents/lb. International derivatives think tank analysts believe that China's third round of imports has not been confirmed, the market focus turned to the US soybeans huge inventory and South American weather improved, soybean futures pressure fell, was suppressed by the system average, pay attention to China's procurement progress, due to Tuesday The Christmas holiday; the US soybean meal price reversed the 5-day moving average, showing resistance decline, the US soybean oil price fell, continuing the decline; strategically, the soybeans were cautiously held, with a stop loss of 893 cents per bushel.
Institutional Source: International Derivatives Think Tank