The north drought leading investors

For the wave rising food prices, the personage inside course of study thinks is influenced by many factors superposition boost. "The main cause is the north drought market investors worried that winter wheat underproduction may occur." Guangzhou futures research of vise general manager LuoJiang said. According to the agriculture ministry published data, in feb. 9, northern eight provinces area of winter wheat sedimentation 11595 million mu.

"2, 3 months of wheat regreening period, this process moisture whether ample will directly affect the wheat yield and therefore market in northern eight provinces drought appear especially attention." LuoJiang said.

It is reported, this two years domestic extreme weather appear to agricultural production stable and yield has considerable difficulty. Because the weather reason such as Australia agriculture large-scale production and loss was sealed. While the United States since last year started using corn refining biofuels, through the huge subsidies, raise food prices, also sparked international food prices climbing.

Reason 2:

Money into food market

In addition, liquidity flood is becoming food prices of catalysts. With fed to cash the second round of quantitative easing that mass hedge fund inflows oil, gold, food and other commodities, plus the emerging economies' own money also super hair wait for a reason, grain attribute "JinRongHua" will become the biggest pushs the push of high food prices.

Spring Festival after a long holiday, with drought theme funds into grain varieties in succession, a large amount of money into caused the price surge.

According to DaShangSuo and zce statistics released by the three major grain futures after the Spring Festival, all appear sharply ing, among them the most obvious post-festival first iraling storehouse, zhengzhou Commodity Exchange of strong wheat futures listed on the total amount 11.38 million increase open hand to hand, a growth rate as high as 26.18 million 76.8%; Corn futures ing nearly 75,000 hand, ing range also achieved 11%, ZaoXianDao futures day ing range also more than 10%.

Yesterday, corn futures always open by more than 8%, strong wheat and ZaoXianDao open volume slightly reduced, display market funds for food hype enthusiasm and no retreat.