BEIJING: The spot price of soybeans in the new season in the Northeast production area is stable, and the market purchase and sales have gradually become flat. The policies of all parties have made it clear that in 2022, they will increase soybeans and stabilized corn. To optimize the planting structure and enhance the ability to guarantee the supply of essential agricultural products, Heilongjiang Province will increase the soybean planting area by 10 million mu in (about 666.667 hectares) 2022. All localities will increase the planting area to ensure the planting area and promote large soybean subsidies and crop rotation subsidies. At the same time, the spot price of soybeans will not drop too much. Otherwise, farmers’ enthusiasm for selling grain will not be guaranteed. New Year’s Day has passed. In the later stage, we will pay attention to the stocking dynamics of the Spring Festival and the purchase of soybeans in China Grain. The purchase price has been adjusted to varying degrees.
Current Market Price in China for 2021 Soybean Crop
| Product | Chinese Soybean |
| Type | NON-GMO |
| Colour | Yellow |
| Purity | 99.5 % Min |
| NON | GMO |
| Package | 25 kg Paper Bag |
| Loading | 22 Tons / 20 GP |
| FOB Dalian | USD 1150-1190/Mt |