Price trend

According to the monitoring data of SunSirs, the domestic soybean market has risen slightly since mid-May. As of May 30, the average domestic soybean market price was 6,098 RMB/ton, up 0.66% from May 9.

Analysis review

Supply was tight, domestic soybean market improved

Beginning in mid-May, the terminal demand for soy products was acceptable, and the price rose slightly. The mainstream quotation in the market was 3.1 yuan/catties, and traders mainly supported high prices, and the market continued to run at a high level.

On May 23, China Grain Reserves planned to auction 10,087 tons of domestic soybeans, with a turnover of 10,087 tons, a turnover rate of 100%, and an average transaction price of 6,209 RMB/ton. The auction of the State Reserve sold well, and the spot price was supported.

Market outlook

The agricultural product analyst of SunSirs believes that: under the support of terminal demand, the supply of domestic soybeans is tight, and the soybean market in the future will remain high.

If you have any questions, please feel free to contact SunSirs with support@sunsirs.com