Industry point of view: the market price of indica rice rose slightly last week

Last week, the market price of indica rice rose steadily and slightly. Last week, the price of indica rice was relatively active due to the large stock of temporary rice and local reserve rice, the considerable amount of rice sold by auction or rotation, and the lack of bright spots in the consumer terminal, and the purchase and sale of high-quality indica rice was relatively active. In addition, the weather is fine, farmers are more willing to sell grain, and the prices of ordinary middle and late indica rice in some areas are slightly adjusted. It is expected that in the later stage, the overall supply and demand of indica rice market is ample, the situation of completion and intercourse is difficult to improve, the price is stable and weak, and the price of high-quality indica rice remains strong.

The market is profitable, soybean prices began to pick up last week, Heilongjiang soybean market prices stopped falling and stabilized, and domestic market demand picked up somewhat, especially the increased demand for edible soybeans, coupled with the lack of stocks of traders, the purchase of soybeans was more active, and prices rose in some areas. As international crude oil prices continue to pick up, international soybean prices rise with oscillations, and at the same time bring a positive impact on Dalian futures soybean prices, domestic spot soybean prices are boosted and begin to strengthen; in the later stage, as spring sowing begins, farmers are busy with spring ploughing, and the number of soybeans on the market will gradually decrease, coupled with the fact that market players such as early traders do not buy a large number of soybeans, resulting in insufficient inventory, and the price of domestic soybeans can be expected to rise in the later period.