SUPER NEWS TO CHEER ABOUT!
The Chicago Mercantile Exchange (CME) trades a soybean futures contract. The soybean contract settles into 5,000 bushels, or 136 metric tons, of GMO soybeans.
Historically, GMO Chicago Commodity Exchange Soybeans reached an all time high of $1794.75 in September of 2012.
Today it hit $1,625.50 as of 1 pm EDT.
Soybean Futures Touch $16 in Chicago, Highest Since 2012.
NEWS QUOTED BELOW:
(Bloomberg) -- "Soybean futures touched $16 on Tuesday for the first time since 2012 as concerns mount over a supply crunch.
Surging Chinese demand and bad weather in key global-growing areas are stoking fears of grain shortages. China’s expanding hog herds need soybean meal, so the Asian nation has been buying massive amounts of the oilseed off global markets.
The economic recovery from the pandemic is driving demand for agricultural goods generally, draining stockpiles and fueling food-inflation concerns.
Restaurants are reopening amid easing Covid-19 restrictions need vegetable oils for cooking, and the renewable diesel industry is expanding. All of that is ramping up demand for the bean’s oil. On Monday, Archer-Daniels-Midland said it was building a new $350 million soy crushing facility.
PARIS/SINGAPORE, May 11 (Reuters) - Chicago Board of Trade soybean futures jumped 1.8% on Tuesday, surging above $16 a bushel for the first time since September 2012 as traders focused on prospects for tight supplies until late 2022." END QUOTE.
Well YIPPEE with much more forecast to come rocketing sky higher soon yet!
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DALIAN COMMODITY EXCHANGE NON-GMO IS ZOOMING PARABOLIC IN FACT!!!!!!!!!
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#1 NON-GMO SOYBEAN BUYS ARE RUNNING HIGHER MULTIPLES OF THE TONNAGE OF #2 GMO IN DALIAN, CHINA. NON-GMO DEMAND IS KING!
SUPER NEWS TO CHEER ABOUT!
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GO YANGLIN GOGOGOGOGO!!!!! >>>>>>>>>
