Introduction

Three years Covid pandemic took time and brought great changes to China as well as other countries. The global market is currently facing unprecedented challenges and opportunities and Chinese economy is undergoing significant policy adjustments. The complicated and ever-changing international geopolitics, the uncertainty of the 2024 U.S. presidential election, the Federal Reserve's interest rate cut, and the global climate shifting from El Niño to La Niña—these factors profoundly impact the global feed raw materials market. These changes not only touch upon the reshaping of China's economic policies and capital markets but also present historical opportunities for the feed breeding industry under the domestic economic cycle. They also involve severe fluctuations in agricultural product prices due to global weather events this year, necessitating a focus on market hotspots and key issues. To deeply analyze these changes' profound impacts on China's feed raw material market, JCI will hold the 16th JCI Spring Conference on Raw Materials Market on March 27-29, 2024, which will be the 1st JCI Virtual Conference in Metaverse. The conference will be served with simultaneous interpretation between Chinese and English by experienced interpreters. 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.

As JCI has again verified the market trend since resuming the release of significant market and procurement strategies in August 2023 when JCI told it clients that the global soybean supply surplus pattern remains unchanged and short-term rebounds do not alter the medium and long-term bearish view, and building long term stocks is not advisable. During this period, the fact that U.S. funds have flipped from long to short and continued to increase their net short positions has also been proven. Our judgments on the corn, fishmeal, and other raw material markets have also been verified. Standing at the beginning of 2024, when we look back at the past and forward to the future, we are at the crossroads of tradition and the future and also at the boundary between reality and virtuality, we sincerely invite you, distinguished speakers and representatives of the industry, to gather in the 1st JCI Virtual Conference in Metaverse after three years of break due to Covid epidemic. We believe the virtual conference will become a good platform on which we could conduct a broad and in-depth exchange and analyze market from multiple angles comprehensively in aspects such as China's industry development transformation, this year's weather pattern change, China-U.S. economic and monetary policy changes, etc. It will provide new perspectives and multifaceted observations on the deep grasp of the global major bulk agricultural product market direction, business opportunities, and risk control mechanisms, trade policies, and strategy implementation plans, thus more calmly exploring new market opportunities this year. We hope that the conference will bring informational strength to the industry and make contribution to enterprise development.

Let's meet at the 16th JCI Spring Conference on Raw Materials Market in late March 2024! We are waiting for your in virtual reality!

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