SunSirs: Agri, National Soybeans Rose This Week (February 10-15)
February 17 2020 09:34:36 SunSirs (Daisy)
The price of domestic soybeans generally rose this week. The average price of domestic soybeans at the beginning of the week was 3616 RMB / ton, while the average price of domestic soybeans at the end of the week was 3666 RMB / ton, up 1.38%.
Products: Affected by COVID-19, transportation in Heilongjiang is still blocked. The purchase and sale of soybeans in villages are basically stopped. The supply is tightening. The price of domestic soybeans is generally rising. The price of soybeans imported into the factory of grain and oil processing enterprises is 3.6-3.7 RMB/kg. The overall price of national soybeans loaded by traders is rising. The mainstream price is 3.8-4.0 RMB/kg, and the weakly price is 0.1 RMB/kg. The market purchase and sales have not been fully recovered, and most traders and manufacturers still have not started their purchase and sales plans.
Data: As of the week of February 6, the net export sales of soybeans in the United States in this year were 644900 tons, and the net export sales of soybeans in the next year were 6300 tons. That week, the United States exported 611300 tons of soybeans this year.
Market Forecasting: Li Bing, an analyst of agricultural products of SunSirs, believes that there is less high-quality grain source of domestic soybeans in the main production area, and the supply is tight. The price of domestic soybeans is still strong in the future, with limited falling space.
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