This week, Heilongjiang domestic soybeans price is basically stable, but in some places the price declines between 3800 – 4340 Yuan/ton. The main reasons that influence Heilongjiang domestic soybean market are as follows:
 
1)    Influenced by the high cost in upstream and low price in downstream, NE soybean crushing factory continues in loss for five years, and its operation rate is also going from bad to worse.
 
2)    In former years, when soybeans come into market, the state will start temperately reserve policy and then oil factory and soybean buyers will also take part in acquisition. However in this year, soybean target policy replaces temperate reserve policy, thus, oil factory remains closed. It predicted that domestic soybean price will continue keep weak. 





















From “China Oil and Oilseeds Market Weekly Report”