According to the monitoring data of SunSirs, the domestic soybean market has remained sluggish since November. At the beginning of the month, the average price of domestic soybean market was 5,800 RMB/ ton. On November 18, the average price of domestic soybean market was 5,776 RMB/ ton, down 0.41%.

In November, domestic soybeans in the new season in Northeast China were basically on the market, with loose supply and flat demand for terminal soybean products. Most of the market prices were listed at the national storage, with gross grain of 2.75-2.8 RMB/500g and commodity beans of 2.85-2.9 RMB/500g. The overall market was weak and stable. Until the middle of the year, the focus of domestic soybean market was still downward, and the mainstream quotation decreased slightly.

SunSirs agricultural product analyst believes that the demand for terminal soybean products is poor, and China domestic soybean market will remain weak in the future.

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