Soybean futures closed mixed on the 14th, which ended in March soybean futures rose only 2 U.S. dollars, closed at 297 U.S. dollars / short ton. Session, despite the traders to continue to pay close attention to Argentina’s arid weather, but profit-taking and weak external market dragged down the market.

U.S. Federal Reserve Board (Fed) 14 Beige Book released today show that since 2009 the U.S. economy continues to weaken, to the stock and futures markets under heavy pressure. Brown Paper said that the U.S. activities in most parts of many industries has declined, or at a low level. The report highlights not optimistic the current economic downturn affected the wide range. Fed said manufacturing activity fell in many areas, the housing market continued to deteriorate in most parts of the deterioration of commercial real estate
, and even tourism also slowed, or even decline.

Fed said that the holiday retail also “generally weak”, although most area businesses have had a “very substantial holiday price.” Beige Book said, New York, Philadelphia, Atlanta, Chicago, Minneapolis, Kansas City, Dallas and San Francisco area, the retail contracts have shown a great range of holiday discounts. 14 U.S. Department of Commerce announced that U.S. retail sales fell 2.7% in December, fell for the sixth consecutive month. This data means that U.S. fourth-quarter consumer spending will decline for the second consecutive quarter, consumer spending in the United States about its gross domestic product (GDP) of 70%.

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Stock market and the brunt of the crude oil market, and negative spillover effects to include agricultural products, including soybean meal market. New York Mercantile Exchange (NYMEX) crude oil futures closed down 14, crude oil and finished oil products inventories rise provides evidence of weakening demand. NYMEX2 month light sweet crude settled down 50 cents, to 37.28 U.S. dollars a barrel, down 1.3%. In the United States and other major economies, the declining demand for the occasion, the reserves of crude oil terminal and oil depot there is on the rise. U.S. Energy Information Administration reported crude oil stocks ended the week on Jan. 9 to a record 3,300 barrels. Fuel inventories also increased by more than expected 210 million barrels of gasoline inventories, the market is expected to increase the average 140 million barrels. Distillate stocks increased 630 million barrels, far exceeding the expected increase of 80 million barrels a day. ICE Futures Exchange, February Brent crude futures settled up 25 cents to 45.08 U.S. dollars a barrel, or 0.6%.

Stock futures market fell sharply deepened investor concerns on the economy. The Dow Jones industrial average fell 248.74 points to 8,199.82 points, down 2.94%, all 30 constituent stocks lower. In the past six trading days the Dow Jones index fell more than a cumulative 10%. Standard & Poor’s 500 index fell 29.12 points to 842.67 points, or 3.34%. The Nasdaq composite index fell 56.82 points to 1,489.64 points, down 3.67%. The United States closed 14 small stocks is the biggest one-month single-day decline, the Russell 2000 index fell 20.62 points, the S & P SmallCap 600 Index fell 10.77 points. In view of consumer spending in the U.S. gross domestic product (GDP) in the proportion of two thirds, some observers fear could signal a weakening consumer environment, the economy will fall into more long-term decline, leading to further declines in demand for various products.

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However, Argentina remains the support of drought Beans And maize, an important factor in the trend. Argentina is the world’s third largest soybean producer and exporter. According to T-StormWeather the weather forecast said the heat wave expected to hit next week in Argentina drylands. Soybean and corn are facing severe drought situation. Soybean market is closely watching the possibility of production cuts.

The domestic front, Dalian soy futures yesterday showed resistance down trend, the domestic policy side to support them still have the impulse to. From a technical perspective, the contract on Dalian soybean meal 905 K income yang, rose more cautious, and the reaction form is not satisfactory. Investors are advised M905 rallies more than one reduction, a small amount of short-term correction may choose to do more every day, try not to stay overnight one.