Abstract
Using quarterly data from 2002 to 2014, based on principal component analysis, this paper studies the factors affecting the US soybean pricing in China’s import market, and results show that China’s soybean import quantity from the US has positive impact on the US soybean pricing in China’s import market, but its impact is very weak. China’s gross domestic product, China’s domestic soybean production price index, the yuan-dollar exchange rate, the yuan-Argentine peso exchange rate and the yuan-Brazilian real exchange rate have negative impact on the US soybean pricing in China’s import market. According to this, there are some recommendations: maintain the growth of gross domestic product; improve soybean TFP to reduce soybean producer price index reasonably; take advantage of the exchange rate mechanism effectively to adjust the cost of soybean imports.
Highlights
With the increasing demand of China’s soybean imports, the world soybean import trade gradually concentrates to China
For the purposes of these existing research, more attention are paid to the international market or the Chinese domestic market, studies on the US-China soybean are not much, and few studies add the roles of Brazil and Argentina; Secondly, in terms of content of research, studies on specific factors of US soybean pricing exported to China are scant
The Argentine peso against the US dollar exchange rate and the Brazilian real against the US dollar exchange rate data come from the China’s National Bureau of Statistics website, international data, and the RMB against the US dollar exchange rate data come from the IMF website, get exchange rate of the RMB against the Argentine peso exchange rate and the RMB against the Brazilian real exchange rate with calculation
Summary
With the increasing demand of China’s soybean imports, the world soybean import trade gradually concentrates to China. Wei Si (2013) studies the seller’s import market power though research on the United States, Brazil and Argentina soybean pricing in China’s market, and finds that all three countries do not have seller’s market power[9]. For the purposes of these existing research, more attention are paid to the international market or the Chinese domestic market, studies on the US-China soybean are not much, and few studies add the roles of Brazil and Argentina; Secondly, in terms of content of research, studies on specific factors of US soybean pricing exported to China are scant. Based on the existing literature, this paper do further empirical research on the role of the US soybean in China’s soybean import market, aims to study the influencing factors and their influencing extent of US soybean pricing in China’s soybean import market, and to make some suggestions for China to seize initiative in soybean imports
Sign-in/Register to view highlights & summary Sign-in/Register to access full text options 
Free) 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a call
