Soybean reached the highest price in history at the end of last year, partly because the price of crude oil in the international market is rising, corn has been developed as an oil substitute, and soybeans need to replace the output of this part of corn, so the price is rising; On the other hand, China has an inflationary economy and food prices are rising.
These two factors supporting the upward trend of soybean prices will be controlled this year. First of all, the price of crude oil has recently declined after reaching a historical high. On the other hand, the government will strictly control the grain price, so the adjustment of soybean price is inevitable.
But don't be too pessimistic. I think soybean may run at a relatively high level in the future, and the price will not fluctuate particularly. That is to say, it is almost maintained near this price.
My suggestion is part of the shooting, because I don't think the surge can be expected.