BEIJING: This month China’s soybean supply and demand situation forecast is consistent with last month. In China, the post-holiday market transactions have been resumed, the downstream replenishment demand is strong. The supply of domestic soybeans is sufficient, and the price is expected to run smoothly in the short term.
Internationally, Argentina is expected to reduce production due to the impact of dry weather, but Brazil, Paraguay and other countries are expected to increase soybean production strongly, and the global soybean supply remains loose. It is expected that imported soybean prices will continue to fluctuate in the short term due to the impact of South American weather.
Current Market Price in China for 2020 Crop Soybean
| Product | Chinese Soybean |
| Type | NON-GMO |
| Color | Yellow |
| Purity | 99.5 % Min |
| NON | GMO |
| Package | 25kg Paper Bag |
| Loading | 22Tons / 20GP |
| FOB Dalian | USD 950-980/Mt |