According to SunSirs data monitoring, as of March 5, 2021, the price of newly-listed domestic soybeans in October 2020 has risen to 5,700 yuan/ton, an increase of 35.71%, breaking the historical high in 2020 and reaching a new high. In some areas of Heilongjiang, the loading price of tar grains has exceeded 3 yuan/500g, and 3 yuan/500g is not a distant dream for domestic soybeans.

Supply is tight, domestic soybeans will start soaring in 2020

Beginning in 2014, domestic soybeans are no longer escorted by the State Reserve policy, and prices are market-oriented. The price of domestic soybeans has also fallen from the high level of soybean purchasing and storage prices of 4,600 yuan/ton in 2013, mainly due to continued weakness. After 2017, the price dropped to 3,500 yuan/ton. It remained weak and fluctuated until 2019. In March 2020, domestic soybeans skyrocketed, completely getting rid of the three-year sluggish market, and prices continued to skyrocket. According to 500g monitoring data, the highest domestic soybean price in 2020 will exceed 5,300 yuan/ton, a record high, and the price will increase by more than 40% compared with 2017.

Lido strikes 3 yuan domestic soybeans in 2021 is not a dream

Starting from March 2020, the price of aged beans for 19 years has continued to rise, 2.5, 2.6, and later 2.7 and 2.8 are the highest prices in ten years. By the time of the new beans launched in October 2020, the open scale price has been 2.1 yuan/500g, higher than 1.8 yuan/500g and 1.9 yuan/500g in previous years. Then it started to rise all the way, and the price rose to around 2.5 yuan/500g at the end of the year.

In March 2021, under the influence of bullish foreign news, domestic soybeans once again ushered in a surge in the market. Coupled with the strong demand for terminal soybean products, the price of soybean gross grain has exceeded 2.8 yuan/500g, and the loading price of commodity soybeans is also 2.85-2.95 yuan/500g, the price of tad beans in some areas has exceeded 3 Yuan. 3 yuan is no longer a dream for soybeans. In 2013, domestic soybeans were entrusted by the State Reserve, and the price was 2.3 yuan/500g, which is already the ceiling for 2014-2019. In 2021, the price of domestic soybeans will reach a new high.

From January to July 2020, the price of domestic soybeans continued to rise. Since August, due to the decline in the soybean transaction of the State Reserve, the price has fallen. After the launch of the new season soybeans in October, the open-scale price was much higher than in previous years, and prices began to rise all the way. Soybean prices rose by 4.35% in November and 6.25% in December. By January 2021, the price of domestic soybeans increased by nearly 8%. February was the Spring Festival, the purchase and sale of soybeans was coming to an end, and prices remained stable. In early March, domestic soybeans took off again, and the price exceeded 2.85 yuan/500g.

SunSirs agricultural products analysts believe that in March, universities, middle schools and elementary schools will start school one after another. Concentrated consumption of soy products will increase. Soy products factories will be more enthusiastic about purchasing. Coupled with the tight supply of domestic soybeans, prices will continue to run at a high level.

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