This week, the main soybean contract for trade exchange in Chicago, USA was as high as 14.6 USD, with the highest soybean contract in June of October14. Soybean prices did not suddenly appear. Since the second half of last year, the price of Zhishou soybean futures has entered the channel. In June, the price was less than $9 per bushel, and it rose to 13 at the end of this year. This year's soybean price has remained efficient.
As the world's major soybean and export countries, the soybean output of the United States, Brazil and Argentina often affects the price trend of soybeans in the international market. According to the report released by the US Department of Agriculture, the soybean output in the United States is 4.13.5 billion pu, about112.55 million tons, which is lower than the market expectation, and the promotional ship futures have risen sharply.
American soybean farmers: In February, the price exceeded 13 bushels, which was very attractive. The price of soybeans sold in 2020 is 9 dollars, because no one can increase the price. If you still have soybeans, it is really great that the price is higher than 13 dollars.
American soybean is a year, and 1 month is the season of American soybean sales and export. The US Department of Agriculture released a crop on 10 this month, and the strong export demand led to a further decline in the US soybean stock market. In March, the final stock of American soybeans was estimated to be 3.26 million tons, and the apartment in February was the lowest price since 20 13 years. After the introduction in summer, the supply of soybeans in the United States may have been exhausted, and analysts predict that the expected soybean period in the United States may only meet the requirements of 9.5 days.
Virginia Misic, director of McKenzie, Chicago, USA: It is worth noting that soybean exporting countries sell 98% of soybeans, but they still have new soybeans.