Brazil, Foreign media, June 1 news: Brazil’s national commodity supply company (CONAB) released data showing that as of May 28, Brazil’s 2021/22 soybean crop harvest progress reached 99.1%, up from 98.1% a week ago, and the same period last year. The harvest progress is 99.6%. The monthly report released by CONAB on May 12 said that Brazil’s soybean production in 2021/22 will reach 123.83 million tons, 1.1% higher than the April forecast but still less than the 2020/21 production. 10.4%, as the drought from the end of last year to the beginning of this year, reduced crop production in key producing areas. China, the country with the largest demand for soybeans in the world, has maintained high market prices.
Current Market Price in China for Chinese Soybean
| Product Name | Chinese organic soybean |
| Type | Non-Gmo |
| Grade | A |
| Moisture | 12% max |
| Package | 25kg paper bag |
| Purity | 99.5% |
| Loading | 22mt /20GP |
| Fob Dalian | Usd 1120-1150/mt |
| Delivery | 20 days after the contract |