BEIJING: In December 2021, Zhuo Chuang Information expects domestic organic soybean prices may be weak to maintain stability. The acquisition of grain depots in production areas has played a significant role in supporting market prices.
However, the high-priced sales areas are challenging to accept, and purchases are limited. In the future, as the arrival of imported soybeans increases, the market share of domestic organic soybeans may further decrease. If the grain depot continues to purchase, the downward price space is limited; if the grain depot ceases to collect or lowers the purchase price, the market price may decline. In the next three months, the market in the sales area will gradually enter the stage of stocking, and the production area will get goods or increase, and the price may have room for upside.
Therefore, Zhuo Chuang Information predicts that in the next three months, soybean prices in Northeast China may show a slight decline and a trend of small increases in the later period. As farmers are reluctant to sell after lowering costs, the current production areas are fewer stocks. The grain depots continue to purchase, and the impact of the regulation and control of the market is noticeable, so the price of domestic organic soybeans is limited; The expected increase in the arrival of imported soybeans and the declining cost of imported soybeans will affect the low purchasing enthusiasm of the downstream market.
The price gap between soybeans and foreign soybeans will likely continue to increase in the next three months, and the proportion of downstream switching to imported soybeans will continue to grow. Wait and see the grain depot adjustment and import price changes.
Current Market Price in China for Chinese soybean
| Product Name | Chinese organic soybean |
| Type | Non-Gmo |
| Grade | A |
| Moisture | 12% max |
| Package | 25kg paper bag |
| Purity | 99.5% |
| Loading | 22mt /20GP |
| Fob Dalian | Usd 1210/mt |
| Delivery | 20 days after the contract |
