According to the monitoring data of SunSirs, since March, the domestic soybean market continued to oscillate weakly, and prices rose and fell. As of March 21, the average domestic soybean market price was 6,058 RMB/ton, up 0.26% from the beginning of the month.
Analysis review
Supply is tight, domestic soybean market continues to be strong Since March, the supply of grain sources in the domestic soybean market has been tight, and the auctions of soybeans in the state reserve have continued, and traders have mainly maintained their prices.
Affected by the epidemic, logistics and transportation are limited, terminal demand is general, domestic soybean transactions are general, and the overall price fluctuates slightly. The mainstream quotation is 3 RMB/catties.
Market outlook
The agricultural product analyst of SunSirs believes that in the short term, the domestic soybean market will remain stable.
