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Can soybean prices increase in July and August 2003?
Yes. According to the relevant information, since August 2003, the soybean market has continued to rise, and the futures price of Chicago Board of Trade (CBOT) soybean is above 1000 cents/bushel, which is the highest point in 15 years, and the futures price of CBOT soybean powder is also the highest point in 8 years. The futures prices of soybeans and soybean meal in Dalian Commodity Exchange in China have also reached record highs. The futures price of soybeans is close to 4,000 yuan/ton, and the price of soybean meal is about 3,600 yuan/ton. In July and August of 2003, the price of soybeans can increase. Soybean is an important food and oil crop for human beings, and cultivated soybean is native to China. It is generally believed that wild soybean is a close ancestor of cultivated soybean, and soybean is improved and domesticated on the basis of wild soybean.