BEIJING: Soybean prices in the northeastern production areas have risen rapidly. They have been severely inverted from the prices in the current sales areas, causing the main body of terminal demand to fall into the wait and see. At the same time, Northeast railway transportation continued to be restricted and stopped. After the cost of automobile transportation rose sharply, the production area coincided with a blizzard last week. Soybean export was difficult. In addition, there were epidemics in some areas of the production area. , And then restrain the bean market.
Traders have always been cautious about acquisitions, and it is the State Reserve’s bidding and new prices that are leading the rise of the market. This phenomenon of “the tree desires to be quiet but the wind does not stop” is expected to be unsustainable.
Current Market Price in China for Chinese soybean
| Product Name | Chinese soybean |
| Type | Non-Gmo |
| Grade | A |
| Moisture | 12% max |
| Package | 25kg paper bag |
| Purity | 99.5% |
| Loading | 22mt /20GP |
| Fob Dalian | Usd 1140/mt |
| Delivery | 20 days after the contract |