Yanglin Soybean, Inc (fka YSYB)

[sunsailor]

YSYB 2M ton yearly soybean processing margins increased.

(( GMO NEWS INTERPRETED ENTIRELY DIFFERENT FROM NON-GMO NEWS. ))

"China import crackdown, war on smog seen boosting soybean crushers' margins"
http://www.reuters.com/article/china-soybean-imports/china-import-crackdown-war-on-smog-seen-boosting-soybean-crushers-margins-idUSL1N1NL0GY

11/15/2017 ~ From Reuters News:

"China import crackdown, war on smog seen boosting soybean crushers' margins

China's crackdown on genetically modified (GMO) soybean imports and its intensifying war on smog this winter will boost soymeal prices and inflate crushers' margins, extending an unexpected windfall for the oilseeds sector, executives said on Wednesday.
"* Crushers have returned to profit after prolonged losses
* Winter smog cuts may close crushers
* Beijing cracks down on GMO imports
By Josephine Mason and Hallie Gu
China's crackdown on genetically modified (GMO) soybean imports and its intensifying war on smog this winter will boost soymeal prices and inflate crushers' margins, extending an unexpected windfall for the oilseeds sector, executives said on Wednesday.
Crushers in the world's top importer returned to profit in August, after months of losing cash, as the soymeal glut depleted due to strong demand from the livestock industry.
Soymeal prices will be supported by "the regulations on GMO and the environmental crackdown," said Si Yao, head of trading in China at ADM (Shanghai) Management Co., Ltd, at an oilseeds conference.
"Some plants did not get GMO certificates, and that will support prices in the short term," he said.
The most-active soymeal prices were last at 2,825 yuan ($426.57) per tonne while the Dalian crush margin was 65.75 yuan per tonne, compared with losses of 70 yuan in early August before plants returned to profit. They had been losing money since February.
The comments come as Beijing takes longer to issue safety certificates for cargoes of GMO soybeans, forcing at least two plants to suspend operations and tightening supplies of soymeal in the south.
It's the latest major jolt to the world's largest soybean market after major crushers shut plants due to delayed cargoes in August.
The subject was a hot topic of discussion at an oilseeds conference organised by Dalian Commodity Exchange this week.
"Getting a certificate is not as easy as before. Some beans could not be loaded, which will support crushing margins in the next few months," said Yanchuan Li, general manager of the oilseeds processing division for COFCO.
The tougher import measures and the suspension of two plants caused panic among some crushers, which have quite low inventory levels, said a soymeal trader based in southwestern China on the sidelines of the conference.
On Tuesday, one of the plants reopened.
An environmental crackdown targeting the country's 28 smoggiest cities across the north will also prop up prices and crushing margins.
"There will be stricter, more detailed environmental supervision measures. It will also affect normal operations and product delivery at some crushers," said Yao.
Stringent steps to curb output across heavy industry have roiled commodities markets from natural gas to aluminium and soymeal.
"If the air is not nice in northern China, the environment is not good and crushing plants will have to limit operations, it will also tighten supplies of soymeal,” said Li with COFCO."

($1 = 6.6226 Chinese yuan renminbi)
IMHO: YSYB IS OBVIOUSLY STOCKPILING TONS OF CASH.
( for what? SEC refiling or new acquisition? )
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11/15/2017 ~ REUTERS:
COFCO sees China's soybean imports hitting 100 mln T in 17/18
http://www.reuters.com/article/china-soybeans/cofco-sees-chinas-soybean-imports-hitting-100-mln-t-in-17-18-idUSB9N1LU04H
"China will import 100 million tonnes of soybeans in 2017/18, a senior executive at COFCO Corp forecast on Wednesday, topping official U.S. and Chinese estimates for intake by the world's top importer of the oilseed.
Yanchuan Li, deputy general manager of the oilseeds processing division for COFCO, said he expects soymeal demand in 2018 in China to remain at a "high rate of growth".
His estimate for imports is above both the 95.97 million tonnes estimated by China's Agriculture Ministry and the 97 million tonnes forecast by the U.S. Department of Agriculture."
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Tougher approval process for soybean imports could hit Chinese demand - sources
http://www.reuters.com/article/us-china-soybeans-gmo/tougher-approval-process-for-soybean-imports-could-hit-chinese-demand-sources-idUSKBN1D91EG

"Tougher approval process for soybean imports could hit Chinese demand - sources
China is taking longer to issue safety certificates for cargoes of genetically modified (GMO) soybeans, in a move that could dent demand for purchases in coming months, four trade sources said."
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