Since February, the purchase and sale of domestic soybeans have been cold. The market is flat, and the market turnover is limited. The price is consistent with that before the festival. As of February 10, the average market price of domestic soybeans is 3616 RMB / ton.

Product aspect, after the Spring Festival holiday, affected by the epidemic, the purchase and sale of domestic soybeans in villages are still in a state of suspension. Some traders have quoted prices. The prices are the same as before the festival, and the soybean market after the festival basically had a high price tag. The price of Heilongjiang's main production area is flat, at 3.4-3.6 RMB/ kg. The acquirer is cautious in entering the market, and it will take time for the market to recover.

Data aspect, as of January 30, 2020, the U.S. soybean export shipment volume to China (mainland) in 2019 / 20 (from September 1) was 11.396 million tons, up from 474000 tons in the same period last year. When the United States shipped 557000 tons of soybeans to China last week, it shipped 448000 tons of soybeans last week.

Market Forecasting 

Li Bing, an analyst of agricultural products of SunSirs, believes that domestic soybean prices are still difficult to change the situation in the short term, and soybean prices in the future are still weak and stable.

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