According to the monitoring data of SunSirs, in August, the domestic soybean market continued to operate at a high level, and the market was relatively stable. At the beginning of the month, the market price of domestic soybeans was 6,152 RMB/ ton. On August 18, the average market price of domestic soybeans was 6,160 RMB/ ton, up 0.13%.

Since August, the domestic soybean market has warmed up, and the auction of domestic stored soybeans has been better. Support the domestic soybean market. On August 2, 56,064 tons of soybeans were planned to be auctioned by COFCO and the State Reserve, all of which were sold. On August 8, China Grain Reserve planned to auction 22,562 tons, all of which were completed. On August 9, COFCO and the State Reserve planned to auction 22,707 tons of soybeans, and the transaction rate declined. The demand for terminal soybean products has improved. Traders are cautious in purchasing. The market is stable as a whole. The mainstream price is 6,150-6,200 RMB/ ton, up slightly.

In the middle of the year, the auction transaction of the national reserve soybean was still poor. On August 16, 21,793 tons were planned, with a turnover of 8,544 tons, with a turnover rate of 39%. The auction of the national reserve continued to decline, and the domestic soybean market was weak.

SunSirs agricultural product analyst believes that the auction volume of domestic soybeans has declined, and it is expected that China domestic soybeans market will remain stable in the future.

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