Is the soybean in the domestic futures market genetically modified?
Soybean No.1 can only be delivered without genetic modification, and soybean No.2 can be delivered with genetic modification. Of course, if you are willing to go non-GMO, you can also deliver the goods. China imports all genetically modified soybeans, and the oil yield is much higher than that in China. The soybean oil we bought in the supermarket is marked with the origin of soybeans in the United States and Argentina, which is the oil squeezed by genetically modified soybeans. Domestic prices should follow the price fluctuation of American soybeans.