luckytime| Northeast soybean production areas are stable in the southern region: supply of high-quality soybeans is tight, and demand for peanuts is weakening.

editor2024-05-26 13:23:1011Business

News summary

Spot prices in the soybean market are stableluckytime, tight supply of high-quality supplies supports prices and are expected to continue to fluctuate; peanut prices have weakened, the demand side has not improved, price support is limited, and market expectations are volatile.

Newsletter text

[Soybean Market Status and Expectations] This week, soybean prices emerged amid market fluctuations. On the spot market, prices in northeastern and southern producing areas remained stable. However, with the end of pre-harvest stocking activities, demand appears relatively weak. Although the supply of high-quality soybeans has tightened and spot prices are expected to maintain their value, the market remains volatile.

luckytime| Northeast soybean production areas are stable in the southern region: supply of high-quality soybeans is tight, and demand for peanuts is weakening.

[Peanut Market Overview and Outlook] Peanut prices continued to weaken this week, with the national average price of rice falling by 150 yuan/ton. Falling prices slightly increased factories 'willingness to replenish inventories and led to marginal improvements in consumption. Oil plants 'after-sales volume continues to decrease, and some factories are approaching the end of their production cycle. Although increased consumption will support prices in the short term, there has been no fundamental change in long-term market demand, and it is difficult for prices to recover significantly. At the same time, inventories will gradually be exhausted, and there is limited room for a sharp decline in prices. The market is expected to continue to fluctuate.

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