SunSirs: Domestic Soybean Market Was Stable after the Holiday
June 07 2022 09:27:44 SunSirs (John)
Price trend
According to the monitoring data of SunSirs, domestic soybeans have been stable with slight rise since late May. After the Dragon Boat Festival, the domestic soybean market has been stable, lasting 6,118 RMB/ton. As of June 6, the average domestic soybean market price was 6,076 RMB/ton, up 0.69% from the beginning of the month.
Analysis review
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 yuan per kilogram. The new soybean season is in the growing season. The soybean of 2021supply in the market was tight. The auction of state-owned soybeans has achieved good results, the price remained high, the market supply was acceptable, and the domestic soybean market was running smoothly.
Market outlook
The agricultural product analyst of SunSirs believes that the new soybean season is in the growing period, the demand for soybean products is general, and the domestic soybean market outlook will remain weak and stable.
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