Where is the domestic soybean price going

Introduction: as we all know, at 23:50 on September 11, Beijing time, there was a major disaster in the United States The world trade center and the Pentagon were attacked by terrorists "It's a nightmare scene: the twin towers of the world trade center collapsed, and the whole wall street was submerged in a dust cloud." Affected by this, CBOT stopped trading that day Dalian soybean market opened at a higher position in the early trading After a fierce struggle, the price of S205 was temporarily stable near 2230 and S207 at 2250 At present, investors have no unified understanding of the impact of this sudden event, and the performance of the early trading was relatively unstable Is Dalian soybean a shockwave or a bear road after technical adjustment? This event will have an impact on the soybean market price in China Now we will make an analysis to determine the future trend of the market 1 Throughout the history of every war event or political event, it has a relatively favorable impact on the commodity price of strategic resources and the soybean market price The author believes that after this event, the price of soybean market will have a small increase process, but it will not last for a long time 2 The date of China's accession to the world trade organization is approaching day by day, and it is inevitable that the soybean market will be impacted According to the latest news from Xinhua news agency, China's accession to the World Trade Organization negotiations have been completed, but the impact on the grain market after China's accession to the WTO is worrying After China's accession to the WTO, we will have to open up the domestic agricultural products market The cheap and high-quality agricultural products from North America and Europe are likely to flow into China in large quantities, which is bound to impact the existing domestic soybean prices Moreover, the trend of domestic soybean prices will become more and more similar to the international market, and the degree of containment will be enhanced 3 The impact of transgenic regulations On June 6, the State Council issued the regulations on the safety management of agricultural genetically modified organisms The implementation of the regulations has not been published for a long time, and the regulations themselves have little impact on the price However, the regulation does not say that it is not allowed to import genetically modified products, but only adds some rigid regulations From these regulations, the inhibition effect on the import of genetically modified soybeans from the United States is limited Statistics show that in recent months, China's import of soybeans from the United States is decreasing, which is closely related to the genetically modified regulations However, the import of soybeans from Brazil and Argentina is on the increase, and the United States' accession to the WTO plays an important role China has to find a balance between the two Therefore, the regulations on the transfer of soybeans restrict imports and promote soybean prices The upward momentum will gradually weaken 4 The new grain will come into the market soon, which will restrain the price rise of soybean market With the coming of new soybean market time, the domestic market loses confidence in the possibility of price rising again in the later period, the market demand is also depressed, and the upward price encounters resistance 5 The arrival of imported soybeans is still sufficient, which makes the transaction price of soybeans drop slightly The domestic port transaction situation also presents the buyer situation that supply exceeds demand Despite the recent decline in world soybean prices, most of China's importers are expected to remain on the sidelines this week due to the weak price of imported soybeans in the local market and the uncertainty of the government's policy on the import of genetically modified products, according to people concerned To sum up, everything at present depends on the further development of the situation and the response of the United States So let's try to calm down and be a spectator However, with the continuous growth of domestic demand, under the premise of no too many restrictions of genetically modified policies, it is expected that China's soybean import volume will exceed this year's import level next year In the later stage, the soybean market will face a lot of resistance, and the possibility of price rising again will continue to shrink, and the rise of soybean price is hard to say Based on the above analysis, soybean will have a downward trend in the short term, but the downward range will not be too large.