Heilongjiang: This week, the soybean market in Heilongjiang has stabilized and fluctuates slightly in some areas. At present, the Spring Festival is only about one month away, but the prelude to the pre-holiday stocking has not yet kicked off. Traders mostly wait and see. Due to the high pre-purchase costs, traders are not willing to ship at low prices, and there is no market in the market. The phenomenon is more obvious. Although the State Treasury’s purchase price has been lowered twice, it has since stabilized at 6260-6300 yuan/ton, which is higher than the purchase price of some producing areas.
Soybean holders have begun to actively transfer their source of soybeans to nearby warehouses, which is the bean market. Provide support. In terms of sales areas, the price of vegetables has fallen sharply at this stage, the demand for soy products has weakened, coupled with the impact of imported soybeans, the downstream market’s willingness to purchase soybeans is sluggish, and the weak soybean market will continue to remain weak.
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 1150-1190/Mt |