Price trend

According to the monitoring data of SunSirs, in late September, the domestic soybean market weakened and the price fell slightly. At the beginning of the month, the market price of domestic soybeans was 6,190 RMB/ton. On September 21, the average market price of domestic soybeans was 6,150 RMB/ton, down 0.65%.

Analysis review

New soybeans were listed one after another, domestic soybean market weakened

At the beginning of September, due to the upcoming release of soybeans in the new season, market buyers were cautious in entering the market, and the demand of terminal soybean products was stable. The domestic soybean market was relatively deserted in terms of purchases and sales, and the goods were generally sold. The market continued to be around 3.1 RMB/catty.

In mid-to-late September, domestic soybeans in the new season were listed one after another, and the purchase demand of terminal purchasers was general, the domestic soybean market weakened, the quotation of new soybeans was low, and market transactions were limited.

Market outlook

The agricultural product analyst of SunSirs believes that the new soybeans will be fully launched and the market supply is sufficient. It is expected that the domestic soybeans will still weaken in the market outlook.

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