On December 10th, Business Society reported that China Grain Reserves Corporation will auction 512,500 tons of imported soybeans on December 11th. This is the first time the company has held such an auction in three months and the first large-scale release. China Grain Reserves Corporation had previously auctioned off 22,500 tons of soybeans on September 11th.

This reinforces the expectation of oversupply and has a strong negative impact on spot prices. A rating of -1.5 reflects significant short-term downward pressure on prices, but attention should be paid to subsequent changes in demand.

If you have any enquiries or purchasing needs, please feel free to contact SunSirs with support@sunsirs.com.