According to the monitoring of SunSirs, the domestic soybean prices alternated between the old and the new in October. The new soybeans went on the market at an open scale price of about 2.1 yuan/500g. Compared with the previous domestic soybean prices, the price fell steeply. On October 16, the average market price of domestic soybeans was 4,200 yuan/ton, a decrease of 17.75% from the beginning of the month.

New season soybeans are successively listed, domestic soybean prices enter the exchange period

In October, domestic soybeans entered the harvesting season, and new beans were successively listed. As the main producing area of ​​Heilongjiang was affected by the typhoon, there were more rains, the harvesting progress was relatively slow, and the new beans had high moisture content and relatively tight supply. The price of new beans on the scale is 2.1 yuan/500g, and the mainstream gross food is 2-2.15 yuan/500g. Compared with the 1.8-1.9 yuan/500g in previous years, the price of new beans has risen by 0.3-0.5 yuan/500g this year.

This year, the rigid demand for domestic soybeans has increased, and the supply is tight. The price has climbed to 2.6 yuan/500g. There is a certain gap between the listed price of new beans. So the price of soybeans shows a cliff-like decline. The market outlook for new beans will continue to rise, gradually narrowing the gap. 

SunSirs agricultural products analysts believe that the new beans in the main producing areas are being harvested one after another, and the harvest will come to an end this week, and there is still room for growth in the market outlook.

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