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SunSirs: Domestic Soybean Market Rose Slightly on March 15
March 16 2022 09:30:40SunSirs(John)

Price trend

According to the monitoring data of SunSirs: on March 15, the price of domestic soybeans rose slightly, the mainstream quotation was 3-3.1 RMB/catties, and the price was firm.

Analysis review

The price of soybeans in the main producing areas has risen and fallen. Traders had insufficient grain surplus, and mainly supported the high price. With the boost of the futures market, the spot market recovered.

Market outlook

It is expected that the domestic soybean market will remain high in the short term.

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