Soybean prices will continue to decline in the later period

Introduction: since the beginning of summer this year, the weather in Northeast China has been in good condition, and the soybean growth is good It is expected that the single soybean output will remain at about 150-175 kg / mu this year, and the total soybean output will continue to increase In recent years, the occurrence of showers or thunderstorms is beneficial to soybean podding Since the implementation of China's genetically modified management measures on March 20, the number of imported soybeans has decreased, the price of imported soybeans is high, the shortage of domestic soybeans and the continuous rise of spot price, and the procurement risk of oil extraction enterprises has greatly increased It is urgent to solve the problem of the lack of raw materials in China's crushing industry NYW has been repeatedly urged by the US side to loosen its import policy in the near future China is expected to import 1.7 million tons of soybeans in July, double the import in June In August, the soybean import volume will reach 1-1.5 million tons Therefore, with the continued issuance of import licenses and the permission to unload the imported soybeans, the number of imported soybeans to Hong Kong will increase significantly NYW this year, the state implemented the "soybean revitalization plan" and granted 10 million mu of high oil soybean seed subsidies to the main soybean producing areas, which greatly improved the enthusiasm of local farmers in planting high oil soybean This year, the planting area of high oil soybean in Heilongjiang Province expanded It is expected that the purchase price of soybeans in September will be slightly higher than last year, but due to the concentrated harvest of soybeans by then, price competition and lower prices will be inevitable NYW