BEIJING: Domestic market: In terms of supply, in 2021, the total soybean output will decrease, production costs will increase, and farmers will be more reluctant to sell. In terms of demand, the rotation of soybean purchases in the national warehouse supports prices.
As the Spring Festival approaches, soybean product processing enterprises are actively stocking up. However, due to the impact of the new crown pneumonia epidemic, logistics and transportation costs have risen, which may delay the release of downstream market demand. With comprehensive judgment, it is expected that domestic soybean prices will fluctuate at a high level.
International market: The global soybean supply is stable and improving, but the rapid spread of the new strain of Omicron has led to a tense global epidemic situation and increased risks in the international soybean supply chain. It is expected that the international soybean price will fluctuate at a high level.
Current Market Price in China for 2020 CROP Soybean
| 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 |
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