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Forget iron ore. Feedstock for cows, pigs and chickens is the newest craze in China’s futures markets. Trading in soybean-meal futures on the Dalian Commodity Exchange nearly tripled in May from a year earlier, and prices of the benchmark three-month contract are up 40 percent this year. “Investor interest in agricultural-futures products is obviously on the rise, and soybean meal and rapeseed meal combined have attracted the highest amounts of investment,” said Wang Chengqiang, an analyst at New Era Futures Co. in Shanghai, as reported by Wall Street Journal.

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