According to the Commodity Market Analysis System of SunSirs, starting from May, the overall domestic soybean market has gradually rebounded, with a fluctuating upward trend. On May 1st, the average market price of domestic soybeans was 4,732 RMB/ton. On May 17th, the average market price of domestic soybeans was 4,800 RMB/ton, with a price increase of 1.44%.

After the May Day holiday, domestic soybeans in the main production area of Heilongjiang have started to be sown one after another. The supply of aged soybeans in the market is relatively tight, and the purchase and sales are cold. The purchase price of national storage warehouses is stable, and the market price of domestic soybeans continues to be around 4,700 RMB/ton, with slight fluctuations. The market has risen slightly compared to before the holiday, and the market is strong.

Approaching mid May, farmers are busy cultivating soybeans, and the market supply is tightening. The domestic soybean market has slightly increased, and the average market price has risen to 2.4 RMB/500g, heating up the market.

SunSirs agricultural product analysts believe that the market supply is tightening, and domestic soybeans will continue to remain high in the future.

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