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SunSirs: New season soybean stocks are low, the market is still running at a high level

May 15 2020 10:03:07     SunSirs (Molly)

1. Price Trends

The soybean commodity index on May 14 was 122.45, which was the same as yesterday and hit a record high in the cycle. The previous low of 89.46 on November 12, 2019 rose by 36.88%. (Note: cycle refers to 2011-09-01 to present)

According to SunSirs monitoring: After May 1st, the domestic soybean price market is running at a high level, and the price is becoming stable. For 14 days, the average price of domestic soybeans was 4,800 yuan / ton, which was 2.13% higher than the beginning of the month.

2.Factor Analysis

Products: In May, the new season soybeans in Heilongjiang's main production areas are almost completely sold out, the market has limited grain supply, traders maintain the main price, domestic soybean prices continue to remain high, and some of the loading prices are as high as 2.5-2.6 yuan per catty The purchase and sale of soybean market in the producing area is still in a deserted market, there is no main body with price, and the market is generally stable. The mainstream quotation of soybean loading in Anhui region of Henan province is 2.7-2.9 yuan / kg, and the market is stable.

Futures: On the 14th, the main a2009 contract of Liandou Futures opened higher and fell, opening 4544 yuan, closing 4401 yuan, down 142 yuan, the highest 4547 yuan, the lowest 4388 yuan, yesterday closed 4543 yuan, the settlement price of 4469 yuan.

Data: The initial soybean imports in April 2020 were 671.4 tons, from January to April were 2450.6 tons, an increase of 0.5% compared with the same period last year.

3. Market Forcast

SunSirs agricultural product analyst Li Bing believes that the weather is turning hot and the demand for soy products is weakening. The market expects that the State Reserve soybeans will soon enter the market, and the enthusiasm for purchasing will decline.

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

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