Price trend

According to the monitoring data of SunSirs, in July, the domestic soybean market continued to be weak and stable, with small fluctuations in the market, which lasted about 6,100 RMB/ton. At the beginning of the month, the market price of domestic soybeans was 6,164 RMB/ton. On July 26, the average domestic soybean market price was 6,152 RMB/ton, down 0.19%.

Analysis review

Since July, the demand for terminal soybean products has continued to decline, the domestic soybean market has weakened, and the mainstream quotation has continued to be 3 RMB/catties. New soybeans are in the growing period, the supply of old soybeans is reduced, the auction transaction of state-owned soybeans in the market has declined, and the domestic soybean market continues to be stable.

In the middle of the month, the auction turnover rate of State Reserve soybeans was relatively small, and terminal buyers were cautious in entering the market. The domestic soybean market fell weakly, and the market continued to be weak and consolidated.

At the end of the month, the domestic soybean market was flat, and traders shipped in general. The mainstream quotations continued to be 3-3.1 RMB/catties, with small fluctuations.

Market outlook

The agricultural product analyst of SunSirs believes that the demand for soy products is flat, and the terminal demand is difficult to improve, and the domestic soybean market will still be weak in the future.

If you have any questions, please feel free to contact SunSirs with support@sunsirs.com