According to the monitoring of SunSirs, the price of domestic soybeans in the new quarter of this week was significantly lower. At the beginning of the week, the average market price in the main production areas was RMB 3626 yuan / ton, and the average market price at the weekend was RMB 3540 yuan / ton, with the price down 2.39%.

Analysis: this week, the market volume of new season soybeans in Northeast China increased. Due to the high yield of new season soybeans this year, the output increased, the market supply was loose, and the price gradually fell. In the main areas of Heilongjiang Province, the price of soybean gross grain in the new season of Suihua is about RMB 1.7 yuan / Jin, the price of commodity soybean is about RMB 1.78 yuan / Jin, the price of Mudanjiang gross grain in the new season is RMB 1.65-1.7 yuan / Jin, the price of Qiqihar gross grain in the new season is RMB 1.65 yuan / Jin, and the price of tower grain is RMB 1.75 yuan / Jin. The soybean price in the new season is significantly lower than that of last year. The main quotation in Shandong Province is RMB 1.88-1.9 yuan / Jin, with a slight decline in price. The price in Henan, Anhui and other places is relatively stable, and the mainstream price is RMB 2.3-2.5 yuan / Jin.

Index: the soybean commodity index on October 12 was 90.31, unchanged from yesterday, down 23.12% from 117.47 (2013-03-29), the highest point in the cycle, and up 0.67% from 89.71, the lowest point on April 16, 2019. (Note: cycle refers to 2011-09-01 to now)

SunSirs bean analyst believes that the new season of soybeans has been listed one after another, the supply of soybeans has increased, and the imported soybeans have arrived later. The price of domestic soybeans is still under pressure, or will continue to decline.

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