A Weekly Comment on the Domestic Soybean Spot Market

Introduction: from June 24 to June 30, 2002, the purchase and sale price of domestic soybean was basically stable; the decline of soybean meal price slowed down and became stable by the end of the week; the price of soybean oil was stable in most regions, slightly decreased in a few regions and increased in the northeast Imported soybeans: this week, another 6.5 ships of imported soybeans arrived at the domestic port By the end of this week, 13.5 ships of imported soybeans had arrived at various ports in China The quantity is about 780000 tons; the sales of soybeans imported at the early stage of each port have been basically completed, and the sales price of soybeans imported at Shandong and Tianjin ports is 2100 yuan / ton Domestic soybeans: purchased in Heilongjiang Province, mainly edible soybeans sent to grain wholesale markets At present, there are not many soybeans in the hands of farmers in Heilongjiang Province, and the volume of soybean purchase is very small As imported soybeans are rarely used for food, although the price of oil soybeans and soybean meal has declined, the purchase price of edible soybeans in Heilongjiang Province is basically stable This week, due to the arrival of imported soybeans in Hong Kong, the price of domestic soybean meal fell, the purchase price of soybean oil processing enterprises in Shandong, Hebei, Shaanxi and other places was relatively low, and most manufacturers have stopped the purchase price of Heilongjiang soybeans, resulting in the purchase volume of Heilongjiang oil soybeans is very small, and most areas are in the situation of price or no market At the beginning of this week, the decline of soybean meal price began to slow down in most areas of China Due to the large decline of soybean meal price in the early stage, limited by the production cost of soybean meal, and the small inventory of soybean meal in some feed factories and farmers, the sales volume of soybean meal began to increase in some areas By the end of this week, the sales price of soybean meal stopped falling and stabilized At the same time, a small number of manufacturers in Shandong and other places increased slightly Signs of a rebound This week, soybean oil market prices in most parts of the country were relatively stable, a few areas fell slightly, and the Northeast rose This weekend, Heilongjiang, Jilin, Liaoning and other places had another part of the oil plants shut down, the supply of soybean oil decreased, and the sales price of soybean oil increased rapidly; Hebei, Shandong and other places also had some manufacturers stop offering secondary soybean oil Due to the high price of soybean oil in the international market, although imported soybean oil arrived in Hong Kong in June and July, the overall supply and demand of domestic soybean oil market has little impact There may be some changes in the domestic soybean oil market next week As of Friday, soybean warehouse receipts of Dalian Commodity Futures Exchange increased to 80485 from 80001 last week, an increase of 484 this week According to the current situation, the number of imported soybeans arriving at the port in July is about 1.5 million tons, which basically meets the production demand of all parts of the country Therefore, the possibility of Dalian warehouse receipt soybeans to be sold to other oil plants is very small Because the price of soybean meal in Guangdong and other southern coastal areas is relatively low, Dalian has imported soybeans to the port, and Dalian Local oil plants purchase warehouse receipt soybeans Will also be significantly reduced In the next week, the domestic soybean spot market will focus on: (1) the quantity and sales price of imported soybean in port; (2) the price change of domestic soybean meal and soybean oil spot market; (3) the trading price change of CBOT soybean and Dalian futures soybean in the United States.