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Policy impact of soybean futures
The State Grain Bureau recently announced that the state will continue to implement the temporary purchasing and storage policy of corn and soybeans in Inner Mongolia, Liaoning, Jilin and Heilongjiang provinces (autonomous regions). The listed purchase price of national temporary storage soybeans is 2.30 yuan/kg. The purchase period of temporary storage soybeans ends on April 30th, 20th13rd. From the purchasing and storage price, soybean 2.3 yuan/kg is 4,600 yuan/ton, which is about 15% higher than the purchasing and storage price of the previous year. This kind of public purchase protects the interests of farmers and their enthusiasm for planting. The purchasing and storage plays a supporting role in the price of many kinds of beans in the big business office.