Industry DynamicsIndustry News
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The U.S. government has partially closed down, and soybean prices have fallen or been exaggerated.
2013-10-12According to Bloomberg News on Oct. 8, Hamburg-based oil seed analyst Oilworld said in a report Tuesday that the risk of soybean prices falling was exaggerated because the U.S. government shut down some of its doors and the market was unable to determine the exact data on Chinese soybean purchases.
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Academicians said that there was a big contradiction between grain production and demand, and that China had no choice but to use genetically modified capital.
2013-10-12Beijing Times News reported that Wu Kong-ming, academician of the Chinese Academy of Engineering, bluntly stated that the outstanding contradiction between China's grain output and demand has not allowed us to put aside the development of genetically modified technology.
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Zheng Shang Institute Adjusts Rapeseed Oil Delivery Storehouse
2013-10-12According to the announcement issued on the same day, the Xinglong National Grain Reserve in Zhengzhou, Henan Province, was adjusted from the standby delivery warehouse of high-quality strong gluten wheat to the designated delivery warehouse; the delivery pricing point of common wheat (hereinafter referred to as Pumai) in Zhumadian and Shangqiu was revoked...
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Palm oil strong driving, soybean oil futures rose for three days
2013-10-11Great Wisdom Asdaq News Agency, October 10, driven by the rise in palm oil, after the domestic soybean oil festival performance was strong, rising for three consecutive days. However, soybean oil stocks are still high and the pressure is still high. The analysis shows that soybean oil consumption may increase in the short term and maintain a rebound trend, but the long-term market is still volatile.