SunSirs: Purchase And Sale Of Domestic Soybeans Remained Stable
November 11 2019 15:21:54 SunSirs (Eva)
On November 8, the soybean commodity index was 89.46, which was the same as yesterday, a record low in the cycle, 23.84% lower than the highest point of 117.47 on March 29, 2013. (Note: cycle refers to 2011-09-01 to now)
At the beginning of November, the price of domestic soybean in the new season remained stable as a whole, with an average market price of RMB 3506 yuan / ton, and the price was flat.
Since November, the new season soybean harvest in Northeast China has been completed, the price has remained stable and fluctuated slightly. In the main areas of Heilongjiang Province, the price of new season soybean gross grain in Suihua is about RMB 1.65-1.7 yuan / Jin, the price of commodity soybean is about RMB 1.78 yuan / Jin, Mudanjiang gross grain is RMB 1.65-1.7 yuan / Jin, Qiqihar gross grain is RMB 1.65 yuan / Jin, and the price of tower grain is RMB 1.75 yuan / Jin. In the new season, the main quotation in Shandong is RMB 1.88-1.9 yuan / Jin. The price in Henan, Anhui and other places is relatively stable, and the mainstream price is RMB 2.3-2.5 yuan / Jin.
Data: the soybean export sales report released by USDA shows that as of the week of October 31, the net soybean export sales of the United States in this year is 1807400 tons, and the net soybean export sales of the next year is 0 tons. That week, the United States exported 1559400 tons of soybeans this year.
SunSirs analyst of agricultural products thinks that in November, the new season soybean will still be listed in an all-round way, the market purchase and sale will still be cold, and the domestic soybean will still be weak in the future.
If you have any questions, please feel free to contact SunSirs with marketing@sunsirs.com.
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