China's ban on soybean imports is only temporary

Introduction: new page 1 according to the oil world in Hamburg, Germany, on Tuesday, there was a report last week that China may ban soybean imports, but considering that China is extremely dependent on soybean imports, the government's move may only be temporary According to i2t oil world, China's dependence on soybean imports has further increased this year, and will continue to increase in the next few years, because China's soybean production cannot keep pace with the rapidly growing demand Therefore, any restrictions on soybean import can only be temporary As long as the stock and domestic supply of imported soybeans are exhausted, China will inevitably import soybeans Once soybean import is interrupted, it may lead to the increase of soybean meal purchase in China, and may cause domestic users to import soybean meal again In the short term, oil world predicts that CBOT soybean prices may decline under pressure, but the negative impact may be offset by favorable weather development (COFCO) i2t