BEIJING: This month’s forecast for the 2021/22 soybean supply and demand situation in China remains the same as last month. Domestically, after the inventory depletion during the Spring Festival, the willingness to replenish the soybean market in the soybean sales area and the market transaction has become more active.
Internationally, the growth of soybeans in Brazil and Argentina is expected to decline due to the dry weather. The global soybean supply is tightening, and the weather speculation will continue. It is expected that the international soybean price will fluctuate at a high level in the short term.
Current Market Price in China for 2020 Crop Soybean
| Product | Chinese Soybean |
| Type | NON-GMO |
| Colour | Yellow |
| Purity | 99.5 % Min |
| NON | GMO |
| Package | 25kg Paper Bag |
| Loading | 22Tons / 20GP |
| FOB Dalian | USD 1170-1200/Mt |