SunSirs: Temporary Storage Transaction Prices fell, and China's Domestic Soybeans Rose Blocked

According to SunSirs monitoring, since July, domestic soybean prices have risen sharply after a small pullback, and the rise has been blocked. At the beginning of the month, domestic soybean prices continued to rise under the stimulus of auction prices for temporary storage soybeans. Near the middle of the month, due to the decline in the auction transaction price of temporary storage soybeans, the prices of domestic soybeans have gradually adjusted. As of July 20, the average market price of domestic soybeans was 5,313 yuan/ton, and the price increased by 4.18%.

The transaction price of temporary storage soybeans continues to decline, and the rise of domestic soybeans is limited

Beginning on June 12, China Grain Oils & Oils Co., Ltd. opened an auction of temporary storage soybeans. As of July 20th, 8 rounds of auctions have been carried out. The planned auction is 450,500 tons, the actual transaction is 450,500 tons, the transaction rate is 100%, and the average transaction price is 5,308 yuan/ton.

The transaction price of temporary storage soybeans has just been high from the beginning, as high as 5,500 yuan/ton, showing a downward trend. The average price of the eighth auction has fallen to 5,123 yuan/ton. The auction sales of temporary storage soybeans have cooled down, and the prices of domestic soybeans have fallen slightly. The loading price of commercial beans in Heilongjiang, the main producing area, also dropped from 2.75-2.8 yuan/jin to 2.55-2.6 yuan/jin.

The number of temporarily stored soybeans on the market increases, and the market outlook for domestic soybeans is still under pressure

Because of the continuous entry of temporary storage soybean auctions and the continuous decline in transaction prices, traders in the main producing areas have declined in purchasing enthusiasm, and high-priced soybeans have also declined slightly. Since the high-quality soybean sources in the production areas are still relatively scarce, the price of soybeans The decline was small, and it continued to be 5,200 yuan/ton.

SunSirs agricultural products analysts believe that due to the continuous increase in the number of temporarily stored soybeans, the price of domestic soybeans has been at the ceiling, and has begun to decline. It is expected that the market outlook for prices will not be strong, and the main reason is that they will continue to stabilize.

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