The period of soaring gold price is often a period of increasing inflationary pressure or a period of sharp depreciation of the US dollar. Rising global energy and primary product prices will push up the prices of other products. For example, the rise in oil prices has brought about an upsurge in the development of biofuels in various countries. As corn and other crops are used to produce ethanol, the price of corn has been rising, which has led to an increase in the price of livestock that eat corn. A large amount of cultivated land is used to grow corn, which reduces the area of cultivated land for planting other agricultural products, thus promoting the rise of global food prices.

The rise of soybeans is affected by inflation, and soybeans will still rise in the later period!

Chicago Board of Trade (CBOT) soybean futures closed at the daily limit on Friday. Driven by the strength of corn futures, the forecast of soybean production and final inventory in the crop report 10 released by the US Department of Agriculture is beneficial to the market.

CBOT- 10 soybean futures SX0 closed up 70 cents to close at $65,438+$065,438+$0.35 per bushel, which is the biggest percentage increase of soybean futures in recent months since July 30 last year.

Market rumors that China bought 20 ships of American soybeans this week, and worries about the dry weather in South America's soybean producing areas also boosted soybean futures.

Soybean prices will go up these days!