According to the monitoring of SunSirs: Since August, domestic soybean prices have continued to decline mainly, the prices have continued to fall, the demand for terminal soybean products has fallen, and the recognition of high-priced soybeans by soybean product manufacturers has declined. Beginning in August, the auction sales of temporary storage soybeans fell again, the price of domestic soybeans changed from rising to falling, and the price fluctuated downward. As of August 25, the average market price of domestic soybeans was 5,130 yuan/ton, down 2.35% from the beginning of the month and up 0.59% from the beginning of July.

According to the monthly rise and fall of domestic soybeans from January 2019 to July 2020, it can be seen that the price of domestic soybeans has changed little in 2019. In the first seven months, the price increase and decrease were all more than 1%, basically stable. In the second quarter, domestic soybean prices rose slightly. Relatively speaking, in 2020, domestic soybeans will increase by a large margin, with a sharp increase of 20% throughout March. It has been rising in the first 7 months. Since August 2019, the new season soybeans have been on the market, and domestic soybean prices have gradually weakened. Starting from August 2020, domestic soybean prices have gradually slowed down.

Terminal demand declines, domestic soybean market is down

Since the auction of temporary storage soybeans in July, the transaction was very hot at first, and the first failed auction occurred on the 23rd, and all failed auctions appeared on the 29th. In August, the State Reserve soybeans still failed auctions. On the 13th, all the State Reserve soybeans failed auctions, and the provincial reserve soybeans also failed auctions. On the 19th, the State Reserve soybeans were auctioned again, and the situation did not improve. When the reserve price of soybeans was lowered by 200 yuan/ton, the State Reserve soybeans still failed to sell. On August 26, the State Reserve Soybeans will be auctioned again. The auction volume is 98,807 tons, which may still be the majority.

In August, the State Reserve soybean auctions have been carried out twice, all of which have failed. The main reason is that the demand for terminal soybean products in the summer has weakened. Manufacturers and traders mainly wait and see the high-priced soybeans in the market. The new season soybeans are still more than a month away. It has been listed. From the experience of the past years, the price of soybeans in the new season is lower, and the market players are not enthusiastic about entering the market. The mainstream price of soybeans in Heilongjiang's main producing areas is mainly 2.55-2.6 yuan/kg. The loading price of some high-quality soybeans is relatively higher, and the market is slower.

SunSirs agricultural product analysts believe that the rigid demand for terminal soybean products is weakening, and the demand for soybeans purchased by terminal soybean products factories is not good. On the 26th, the State Reserve soybean auction continued, and negative factors suppressed, and domestic soybean prices still have little room for increase in the market outlook.

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