Price trend

According to monitoring data from SunSirs, the domestic soybean market had slightly rebounded since August 14th, with an increase of 0.92%. On August 14th, the average market price of domestic soybeans was 5,240 RMB/ton. On August 22nd, the average market price of domestic soybeans was 5,288 RMB/ton, an increase of 0.92%.

Supply tightening, domestic soybean market slightly rose

After August 14th, the supply of domestic soybeans had tightened, and the demand for terminal soybean products had improved. The domestic soybean market had rebounded, with an average market price of around 2.65 RMB/jin, and prices had slightly rebounded. The auctions of national and provincial reserves continued, and market supply pressure had increased. The price increase of domestic soybeans was limited, and the overall market was mainly stabilizing

Market outlook

Agricultural product analysts from SunSirs believe that the national reserve auction continued, and market supply pressure remained. In the future, the domestic soybean market lacks momentum for growth.

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