Price trend

According to the monitoring data of SunSirs, since June, the domestic soybean market continued to run at a high level, continuing at around 6,100 RMB/ton. At the beginning of the month, the market price of domestic soybeans was 6,118 RMB/ton. On June 22, the average domestic soybean market price was 6,136 RMB/ton, up 0.29%.

Analysis review

The bullish factors were still there, and the domestic soybean market was firm

According to the monitoring data of SunSirs, since June, the price of domestic soybeans has been stable, and the mainstream quotation has continued to be 3 RMB per catty. The new season of soybeans was in the growing season. The supply of soybeans produced in 2021 was tight in the market. The auction of soybeans from the state reserve was good, the price continued to be high, the market supply was acceptable, and the domestic soybean market was running smoothly. There were few high-quality beans, and the price rose slightly. The overall market was around 3.1 RMB/catties.

Market outlook

The agricultural product analyst of SunSirs believes that: the new soybean season is in the growing period, the supply of high-quality soybean sources is tight, and the domestic soybean market will continue to be strong in the future.

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