News

Jinse Finance reported that on April 22, the Bitcoin mining company American Bitcoin, backed by the Trump family, announced the successful deployment and power-on of an additional 11,298 ASIC miners. The total number of mining machines owned by the company includes all Bitcoin miners and their combined hashrate, which may consist of devices not yet operating or powered on at mining sites. The total number of operating miners refers to those currently powered on and running at operational sites.

Soybean Meal: The surge in crude oil prices has driven up vegetable oil prices, in turn raising the cost of imported soybeans. Domestically, after April the volume of soybean imports is gradually recovering. According to shipping schedules, soybean arrivals in May could reach as high as 11.5 million tons, and 11 million tons in June, greatly increasing supply pressure. It is recommended to focus on short positions on price rallies.Corn: The main reason for the relatively strong corn price is that northern port inventories remain comparatively low year-on-year. However, the release of reserve grains, especially wheat and rice, puts certain pressure on upward corn price movement. On the demand side, there is a divergence: feed demand is weakening due to lower prices of mainstream livestock products, and both feed mills and farms are less willing to build inventory, leading to weaker feed demand. However, strong demand for deep processing of corn continues to support prices. In the short term, corn prices are expected to remain high and volatile, but the upside may be limited.Hog: Recently, after a sharp rise, hog futures prices have trended weaker, confirming that the recent hog price rebound is a short-term, phased recovery rather than a trend reversal. There is still supply pressure in reality, but with slaughter weights gradually decreasing, this indicates the industry is reducing supply. Short selling can be considered in ranges, but the downside is limited—pay attention to risks. Further attention should be paid to the rhythm of slaughter, average slaughter weight, and the pace of sow herd reduction.Eggs: The egg market is currently in a transition period jointly led by rising feed costs and marginal easing of supply pressure. On one hand, the rise in corn and soybean meal prices has directly raised the cost of egg production, with feed costs per 500g of eggs now about 3.5 yuan. On the other hand, although the current laying hen inventory remains high, the worst may have passed. Therefore, the driving logic for egg prices is cost support, reduced supply, and increasing demand. Prices are expected to show a moderate upward trend, but the high inventory base will cap the upside.Palm Oil: The Wenhua Oilseeds Index rebounded by 1.5%, registering three consecutive daily gains, with key technical support at the 5-day average price. The current market driver has shifted from geopolitical risk premiums to new expectations: strong support comes from robust policy backing in Southeast Asian producing regions, combined with ample weather premiums brought by the long-term El Niño phenomenon. The weak factors of Malaysia entering an inventory accumulation cycle and high domestic inventories have been temporarily downplayed by the market. In the short term, the market overall shows a strong consolidation at high levels, with prices more likely to rise than fall. In the spot market, Guangdong 24-degree palm oil spot rose by 230 yuan to 9,710 yuan, soybean oil increased by 130 yuan to 8,940 yuan, and genetically modified rapeseed oil in Jiangsu rose by 80 yuan to 10,230 yuan.

Jinse Finance reported that according to market data, ETH has fallen below $2,400 and is now quoted at $2,399.88, with a 24-hour increase of 3.46%. The market is experiencing significant volatility, so please take appropriate risk control measures.