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The soybean prices ended higher this Monday as traders expect supplies to remain tight
The actively traded July contract for soybeans rose 20 cents to settle at $14.85 a bushel.
The U.S government’s weekly prediction for soybean exports was higher than traders expected, said Mike Zulo, president of a consulting company in Atchison Kansas
Supplies for beans have been extraordinarily tight as China’s demand for soybean continues to increase even as U.S production stays relatively steady he said Soybean prices have risen 15 percent this year
“That USDA number caused the trade to refocus on just how razor-thin supplies are heading in to next fall’s harvest” Zulo said
Why did the prices of soybean rise according to the passage?
细节题。根据文段第三段第一句“Supplies for beans have been extraordinarily tight as China’s demand for soymeal continues to increase”我们可以知道在美国整体产量相对稳定的状态下,中国对大豆的需求增加。因此导致价格上升。A项就是产量保持稳定需求上升,供不应求,价格才涨的。B项文段中只是提到大豆的出口会增加,但没有提到会紧缩。D文段当中未提及。因此答案选C。
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