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Analysis of factors affecting soybean price in China
  
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KeyWord:soybean  econometric model  price  influencing factor
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DU Rong, ZHU Lijuan  
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Abstract:
      In recent years, Chinas soybean price fluctuation was significant and showed irregular, the reason for this phenomenon was that the domestic and foreign environment became more and more complicated, economic situation was becoming increasingly grim, the competition in the industry was increasingly fierce, and most of the processing enterprises excessively depended on soybean imports, resulting in that domestic soybean supply exceeded demand at home. The affecting factors on soybean price were analysed and inspected by principle of econometrics and statistics. The results showed that the price of corn oil and soybean consumption had significant influences on soybean price, and they were positively correlated with soybean price. It could provide the constructive suggestions for the government and relevant departments to judge soybean price trend and formulate the related policy.
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