Historical Soybean Prices

This report details the Chinese market for soybeans, soybean production, consumption of soybeans, soybean trade, the price of soybeans and soybean processing based on in-depth analysis of macro the soybean industry, in particular there is a thorough analysis of market segmentation of soy consumption.

Research Context

The soybean market has seen tremendous changes in 2008, witnessing a turning point from a high level of unprecedented price for a flat market. Due to lack of supply both at home and abroad in 2007, soybean prices in China and foreign countries kept breaking the records. The Chinese government has supported the domestic soybean production to cope with the situation, the political import of soybeans has been adjusted to raise the offer. Consequently, supply and market demand for soybeans in 2008/09 has seen great changes.

The soybean industry has gone through three stages in 2008. Before March 2008, the domestic soybean price for breaking the historical record, and soybean crushing could generate significant profits thanks to higher prices for soybean oil and soybean meal, while the government had put a limit on the price of small-package edible oil. Since March, the soybean processing industry has entered a period of readjustment, the price of soybeans has risen dramatically again after one month of decline, while earnings fluctuated crushing plants as well. In early July, the price of soybean has started to fall instead of rise. The bumper crop from September to October the price down further. To safeguard the interests of farmers, the government adopted price protection for the purchase of soybeans.

To promote the sound development of the soybean processing industry, the Government promulgated the "Guidelines on Health Promotion for the development of the soybean processing industry" in August, which had a thorough analysis of the current status of the soybean processing industry and existing problems and provided scientific thoughts and guiding the development goals. This reflects the attention paid by the government to industry. soybean processing companies also adjusted strategies and cons-measures to deal with the new market and policy environment.