The demand for soybeans is coming, and domestic soybean production is not acceptable. The second half of the year is the peak season for the traditional consumption of soybean oil and soybean meal. The recent suspension of the government's Price-limit order has allowed small-packaged oil producers to pass on higher costs downstream and then move forward in their productivity to expand demand for soybeans and soybean oil. The recent rise in pork, egg and poultry prices will also affect the demand for soybean meal. The rise in soybean oil and soybean meal has made soybean processing profitable. The faster processing speed of soybean will speed up the digestion of soybean stocks and support soybean prices.
China's Chemical Mining Association recently issued the "Twelfth Five-Year Plan" for the Opening of Chemical Mining Industry, which clarifies that in the next five years the country will establish a mechanism for the storage of phosphate rock resources, draw up standards for the admission of phosphate rock industry, advance the minimum excavation plan for new mines and the entry threshold. A number of people in the industry from this analysis indicated that with the advance of the threshold of phosphate rock excavation, enterprises are expected to reduce the supply of phosphate rock in the latter period will be strengthened, which will cause the price of phosphate rock market to rise, and will promote the price of domestic phosphate fertilizer to rise.
The U.S. Power Information Agency released last week's U.S. oil inventory data at 10:30 a.m. local time on August 10, 2011, and 10:30 p.m. Beijing time on August 10, 2011. U.S. crude oil and gasoline, distillate stocks fell across the board as of August 5, 2011, according to the U.S. Power Information Agency.