Introduction

With the continuous evolution of major global climate events and the changing international geopolitical situation, the feed raw material market we are in is facing unprecedented challenges and opportunities. In 2024, from the impact of the transition from El Niño to La Niña weather patterns on the global supply of major agricultural products to China's control and adjustment of corn import quotas; from China’s implementation of soymeal reduction plans to the global soybean inventory rebuilding; and the rapid recovery of Peruvian anchovy resources and changes in fishing conditions along the coast of China—these factors are profoundly affecting our industry's development, market trends, and procurement strategies.

Against this backdrop, JCI is pleased to announce that we will host the 16th JCI Autumn Conference on Raw Materials Market on September 25-27, 2024, Wednesday-Friday, which will be the 2nd JCI Virtual Conference in Metaverse. The conference will be served with simultaneous interpretation between Chinese and English by experienced interpreters. This event aims to provide a platform for industry experts, scholars, and business decision-makers to delve into current market trends, challenges, and opportunities. We aim to provide a platform for industry participants to deeply understand and respond to these opportunities and challenges. At the same time, JCI will release some of its latest research findings on agricultural commodities market. We sincerely invite industry guests from both domestic and international market to engage in online discussions on the following key topics:

Main Topics for Discussion:

In the first half of 2024, JCI released significant market trends and procurement strategies multiple times, which have gained market validation. With factors such as historical levels of net short positions in funds, increased expectations of Fed’s interest rate cut, and adverse geopolitical influences, the market could potentially experience a strong rebound at any time. JCI's advisory to its gold and silver customers suggesting strategically increase soymeal positions on dips and gradually build mid-term soymeal positions has brought value to its customers. Our judgments on corn (continuing to maintain relatively high inventories in the domestic corn market, adhering to regional differences in the North and South) and fish meal (despite entering a consumption peak season, the market will see significant differentiation), and others, which have been well received by the market.

We now stand at the beginning of the second half of 2024: the US elections affecting the market, the Sino-US relationship at a crossroads again, escalating global geopolitical conflicts, China at a historical turning point in its economy, a possible occurrence of La Niña weather pattern, urgent need for global soybean inventory rebuilding, challenges in China's grain and oilseed import pattern, whether the Peruvian anchovy quota for the next season will "explode" as expected? Today, the world situation is full of uncertainties, and industry development is constantly changing. In this context, JCI sincerely invites you to participate in this industry event, where you can deeply analyze the latest trends in the global major agricultural products market, explore potential business opportunities, and establish a robust risk management framework together with experts, scholars, and business leaders from around the world. We will comprehensively analyze trade policies and execution strategies to open up new perspectives, accumulate energy to seize current and future market opportunities, inject new information vitality to drive industry progress and enterprise growth, and further enhance our information value and market contribution.

Let us, in the virtual space, continue to transcend the limitations of time and space, and together seek new driving forces for industry development. We look forward to your presence and meeting again at the 16th JCI Autumn Conference on Raw Materials Market in late September. We are waiting for you in virtual reality!