“America’s top central banker, Federal Reserve chair Jerome Powell has voiced his own concerns. He predicted that the US economy could shrink by 20% or 30% during the pandemic, with the recovery taking until late 2021.” ~ NYT quoted.
“Japan, Italy, France, Germany & very soon India too will be in ‘Recession’; as the USA is already.“
“Several European countries have lifted their ban on short-selling shares, in another sign that the panic created by Covid-19 has eased. France, Italy, Spain, Belgium, Austria and Greece are all scrapping restrictions that prevented traders from selling shares they didn’t own (hoping to buy them back cheaper). These bans were introduced in March, in an attempt to stem the alarming plunge in across stock markets.” ~ NYT quoted. ******************************************************************************************** IMHO: This possibly all supports ‘Recovery Of Markets’ much sooner in China, so it’s very hopeful for Yanglin Soybean with domestic NON-GMO soybean consumption increasing VERY drastically in lieu of pork shortage due to African Swine Fever. China’s hog herd was reduced by as much as 60%, according to South China Morning Post. Pork prices have almost DOUBLED in China; & this will also help Yanglin Soybean gain revenues from their hog herd, & also NON-GMO Soybean revenues. A bumper soybean crop from Brazil has further hurt USA GMO farmers; which sounds good to us! China has made it a lot easier to import NON-GMO #1 soybeans from Northern border with Russia. Global food shortages are a genuine reality; so price volatility will further SPIKE #1 NON-GMO in China helping Yanglin Soybean gain more profits to progressing prosperity & return to compliance sooner! Worldwide panic buying & export curbs will send #1 NON-GMO soaring!! The United Nations Food & Agriculture has stated they’re already seeing pressures due to lockdowns impacting supply chains & the shipping industry’s logistics that will cause potentially disastrous effects that China realizes it needs to prepare for by stockpiling #1 NON-GMO food sources for it’s 1.4 BILLION PEOPLE now. The Locust swarm crisis in Africa & the Middle East has affected food production severely adding to MORE shortages. A serious global food shortage will send #1 NON-GMO soybeans SOARING SKY HIGHER, & has already jumped 40-50% in price! We posted that right here previously. Great news for Yanglin Soybean shareowners! All these opinions are backed by Professor Chang Guoqiang at the School Of Economics & Management Of Tongji University Of Shanghai China.
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