The spot price of domestic soybean market remained relatively stable, and the transaction was not active. As of July 5, 2007, the average purchase price of traders and medium-sized processing enterprises in eastern Heilongjiang was 2.90-2.94 yuan/kg, which had little change from last week's quotation. According to the survey, some grain storage enterprises in the producing areas recently began to store some aged soybeans out of the warehouse. However, under the pressure that the demand for edible soybeans in Northeast China is still strong in the southern market, such a move can only be nine Niu Yi cents for the current soybean market, which is difficult to alleviate the pressure of tight market.

It is expected that in the absence of effective supply, the situation of high soybean market price and tight supply will be difficult to change.

The domestic soybean spot market is calm.

According to the CBOT area report released by the US Department of Agriculture last Friday, it is estimated that the soybean planting area in the United States in 2007 will be 6,408 1 1,000 acres, which is 3,059,000 acres less than that reported in March, and 1.5% less than last year's historical record, the lowest since1995, and also lower than the average forecast of 67,838,000. It is expected that the bull market will not change easily in the short term. As of July 5, the main contract of CBOT soybean in July rose by 4 cents to 854.5 cents per bushel. The strong rise in the external market has a very obvious stimulating effect on the internal market. In the early morning of Monday, the domestic soybean contract opened sharply higher, but it finally returned to a weak position because of the greater pressure. In terms of spot, although the external market rose like a rainbow, the spot price of domestic soybean market did not change much this week due to the scarcity of soybean resources in the producing areas and the dull trading situation. On the other hand, the inventory pressure of soybean meal has been dragging down the rise of soybeans. At present, although the price of poultry meat in China has increased, the growth rate of feed demand in aquaculture industry is limited, mainly due to the constant epidemic situation in aquaculture industry and the more cautious replenishment. It can be seen that in the short term, the benefits brought by aquaculture to the bean market are still difficult to show. On the whole, the domestic soybean market is relatively calm at present, and it is difficult to improve the situation that the price is valuable and there is no market. It is also known that up to now, crops in most agricultural areas of Heilongjiang Province, the main producing area, are growing well, with first-and second-class seedlings in the majority, and soybean crops in some counties (cities) have entered the full flowering period. Among them, the soybean plant height in Bayan area of Harbin reached 38.2cm, and the leaves were 6 compound leaves.

Due to the increasing demand for soybean meal and soybean oil, China's soybean import is expected to reach 34.5 million tons in 2007/08, compared with 30 million tons in 2006/07. He also said that in 2007/08, the soybean production in China may be reduced by 600,000 tons to 6,543,800+056,000 tons; Soybean meal consumption may increase by 9%.

If you are doing futures, you can refer to the above quotation! Personally, the trend of higher prices is inevitable, but it is not an ideal high point!